Blockbuster pressuring Hollywood Entertainment
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The battle for video rental company Hollywood Entertainment Corp. heated up Tuesday as Blockbuster Inc. threatened to make a hostile $1 billion bid to buy its smaller rival
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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. launched a hostile $991.6 million offer yesterday to acquire smaller rival Hollywood Entertainment Corp. , escalating a two-way takeover battle for the video rental chain.
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Blockbuster Inc.  on Monday put  its weight behind Sony Corp.&#39;s Blu-ray DVD format, as the No. 1  video rental chain said it would boost its inventory of the  high-definition discs to 1,700 stores by mid-July.
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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. has begun a hostile takeover of its smaller rival, Hollywood Entertainment Corp. Dallas-based Blockbuster officials said Friday the company had approached Hollywood's creditors to buy around &#36;225 million of the video retailer's debt, roughly two-thirds of the Oregon company's overall debt.
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Blockbuster Inc. , the largest U.S. video rental chain, on Tuesday unveiled plans to launch a &#36;1 billion hostile bid for Hollywood Entertainment Corp.  if the smaller rival kept spurning its advances.
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Blockbuster Inc.  on Monday put  its weight behind Sony Corp.'s Blu-ray DVD format, as the No. 1  video rental chain said it would boost its inventory of the  high-definition discs to 1,700 stores by mid-July.
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Blockbuster Inc. on Monday put its weight behind Sony Corp.'s Blu-ray DVD format, as the No. 1 video rental chain said it would boost its inventory of the high-definition discs to 1,700 stores by mid-July.
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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.
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Blockbuster tries to remove Hollywood Entertainment from its list of ferocious competitors.
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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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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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DALLAS Blockbuster, the largest US movie-rental chain, said Tuesday that it would introduce a hostile bid for Hollywood Entertainment next month if the rival&#39;s directors would not negotiate a deal.
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CHICAGO  - Blockbuster Inc. , the largest U.S. video rental chain, on Thursday said it has contacted Hollywood Entertainment Corp.  about acquiring its top rival for $700 million.
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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Tuesday unveiled plans to launch a  $1 billion hostile bid for Hollywood Entertainment Corp.  HLYW.O if the smaller rival kept spurning its advances.
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Global video giant Blockbuster, which is struggling for growth as the internet transforms the movie rental business, said it&#39;s preparing to launch an unsolicited takeover bid for rival Hollywood Entertainment.