Blockbuster bids for rival in video rental industry
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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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The country&#39;s largest video store chain made an offer to buy arch rival Hollywood Entertainment yesterday. It&#39;s a risky effort to stave off competition from online DVD rental services like
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Blockbuster is offering lower-priced plans for online movie rentals to compete with Netflix.
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Blockbuster Inc. is cutting the cost of its monthly online rental service, the latest salvo in a price war with Netflix Inc. and Wal-Mart Stores Inc.
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Blockbuster tries to remove Hollywood Entertainment from its list of ferocious competitors.
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By DAVID KOENIG DALLAS - Blockbuster Inc. is offering lower-priced plans for online movie rentals as it competes with Netflix Inc. in a market that it said could grow 43 percent this year.
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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of about $850 million from smaller rival Movie Gallery Inc. in a deal that would create a stronger challenger to the industry leader Blockbuster Inc.
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Movie Gallery Inc. MOVI.O on Friday  offered to buy rival movie rental chain Hollywood Entertainment  Corp. HLYW.O for an undisclosed sum, one week after industry  leader Blockbuster Inc. BBI.N bid about $700 million for  Hollywood.
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Blockbuster is said to be talking to movie download service Movielink over a possible acquisition, The Wall Street Journal reported on Thursday. The deal would be worth about $50 million in cash and stock.
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Blockbuster Inc., facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp.
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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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Online movie rental war in the United States is heating up between the world&#39;s largest movie rental chain Blockbuster and the number one online movie rental service, Netflix.
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Movie Gallery Inc. on Friday said it has offered to buy rival movie rental chain Hollywood Entertainment Corp. for an undisclosed sum, one week after Blockbuster Inc. bid about &#36;700 million for Hollywood.
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Blockbuster, the largest video store chain, cut the monthly price for online rentals for the second time this year to fend off competition from Netflix.
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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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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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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