Blockbuster plans hostile bid for rival
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Blockbuster Inc. raised the stakes Tuesday in its pursuit of rival Hollywood Entertainment Group Inc., threatening a hostile takeover if Hollywood&#39;s board doesn&#39;t start negotiating.
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Fort Worth, Texas - Blockbuster is tired of being the butt of jokes on Leno and Letterman. And, even closer to home, it wants to eliminate what the company&#39;s president calls &quot;those unpleasant conversations at the register.
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Video chain Blockbuster Inc (BBI.N: Quote, Profile, Research) on Friday said it would lower the price of its online DVD rentals to undercut a similar move by Netflix Inc.
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In an escalating battle for online subscribers, Blockbuster Inc. on Wednesday undercut its smaller rival Netflix Inc. by unveiling a lower subscription fee for DVD rentals.
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PORTLAND, Ore. Dallas-based Blockbuster Incorporated may have more competition in its bid to acquire Hollywood Video. Billionaire Carl Icahn has jumped into the Hollywood Video takeover fray.
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Blockbuster Inc. said Tuesday it will launch a hostile bid for Hollywood Entertainment Corp. next month if the rival's directors won't negotiate a deal.
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Blockbuster Inc. said Tuesday it will launch a hostile bid for Hollywood Entertainment Corp. next month if the rival&#39;s directors won&#39;t negotiate a deal.
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Blockbuster Inc., the largest U.S.  video rental chain, on Thursday said it has offered to buy  competitor Hollywood Entertainment Corp. for about $700  million, topping Hollywood's agreement with a private buyout  firm.
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Blockbuster Inc.  on Wednesday offered to raise its unsolicited bid for Hollywood Entertainment Corp. , but said it was denied access to the rival movie chain's books, making a friendly offer unlikely.
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Video rental chain Hollywood  Entertainment Corp. HLYW.O, which may face a hostile takeover  bid by industry leader Blockbuster Inc. BBI.N, on Monday  agreed to be bought by smaller rival Movie Gallery Inc.  MOVI.O for $850 million.
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Blockbuster Inc. is in talks  to buy movie download service Movielink, including long-term  contracts with Hollywood's major studios to supply films and TV  shows, for under $50 million in cash and stock, a source  familiar with the situation said on Thursday.
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Hollywood Entertainment Corp.  HLYW.O, which may face a hostile takeover bid by Blockbuster  Inc. BBI.N, on Monday agreed to be bought by smaller rival  Movie Gallery Inc. MOVI.O for about $850 million in a merger  of two big U.S. video rental chains.
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Blockbuster&#39;s saber rattling is the latest salvo in a bidding war for Hollywood. Blockbuster values its bid at around US$1 billion: $700 million in cash, plus the assumption of $300 million in debt.
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Blockbuster Inc., the No. 1 U.S. video rental chain, on Tuesday threatened to launch a &#36;1 billion hostile bid for Hollywood Entertainment Corp. if its smaller rival decides to stick with a previous offer from a buyout firm.
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Movie Gallery Inc. said Friday it has offered to buy rival movie rental chain Hollywood Entertainment Corp. for an undisclosed sum, one week after Blockbuster Inc.
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Blockbuster (BBI:NYSE - news - research) Thursday has made a bid to buy its chief rival, Hollywood Entertainment (HLYW:Nasdaq - news - research), a move that would extend its position as the largest movie rental chain.
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Blockbuster Inc. introduced a new Internet-only DVD rental service on Tuesday priced below a similar Netflix Inc. plan, sending shares of Netflix down almost 8 percent as the online movie rental war heated up again.