UPDATE 2-Blockbuster may launch hostile bid for Hollywood
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) , the largest US video rental chain, on Tuesday said it plans to launch a hostile bid for Hollywood Entertainment Corp.
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NEW YORK (CBS.MW) -- Blockbuster Inc. wants to acquire rival Hollywood Entertainment for $700 million in a move that would broaden Blockbuster&#39;s standing as the world&#39;s largest movie rental company.
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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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Why didn&#39;t shares of video rental chain Hollywood Entertainment (Nasdaq: HLYW) move much yesterday on news that Blockbuster (NYSE: BBI) plans to make a tender offer for its shares next
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Blockbuster Inc. , the largest U.S. video rental chain, on Thursday said it has contacted Hollywood Entertainment Corp.  about acquiring its top rival for &#36;700 million.
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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 nation's largest movie-rental chain, said Tuesday it is still interested in buying Hollywood Entertainment Corp., despite its smaller rival's agreement last week to be purchased by another competitor, Movie Gallery Inc., for about &#36;850 million.
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Blockbuster tries to remove Hollywood Entertainment from its list of ferocious competitors.
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Blockbuster Inc. said yesterday 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., the largest US video store chain, threatened Tuesday to make a $700 million hostile takeover offer for Hollywood Entertainment Corp.
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Blockbuster Inc. has raised its bid for rival movie-rental chain Hollywood Entertainment Corp., launching a hostile cash and stock offer valued at $1.3 billion that it hopes will derail Hollywood's pending sale to Movie Gallery Inc.
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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's willing to up the ante for Hollywood Video.
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Standard &amp; Poor&#39;s on Thursday said it may cut its ratings on Blockbuster Inc.(BBI.N: Quote, Profile, Research) deeper into junk, citing the company&#39;s offer to buy competitor Hollywood Entertainment Corp.
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The battle for video and DVD rentals heated up this week as Blockbuster indicated it would seek to buy out rival Hollywood video and would do so by hostile takeover if necessary.
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The nation&#39;s leading chain of video rental stores has raised the stakes on Hollywood Entertainment Corp. (NASDAQ: HLYW). Dallas-based Blockbuster Inc.
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NEW YORK : Blockbuster, the leading US video rental chain, made a bid to swallow rival Hollywood Entertainment spotlighting the sector facing tough times due to emerging technology.