Blockbuster offers to buy Hollywood
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NEW YORK -- Blockbuster appears to have kicked off a bidding war for Hollywood Entertainment on Thursday after the No. 1 video retailer said it&#39;s prepared to offer about $742 million for its closest, albeit still distant, rival.
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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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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 is offering lower-priced plans for online movie rentals to compete with Netflix.
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Blockbuster (BBI) will present its $11.50-a-share offer for Hollywood Entertainment (HLYW) directly to shareholders if the two companies do not advance toward a friendly transaction.
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12/29/04- Blockbuster is stepping up the pressure in its bid to take over rival video rental chain Hollywood Video. Blockbuster says it will present its $11.50-per-share offer for Hollywood Entertainment directly
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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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Viacom Inc. (VIAb.N: Quote, Profile, Research) has begun a share exchange offer to split off its Blockbuster Inc. (BBI.N: Quote, Profile, Research) unit and put the video rental chain
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Shares of Blockbuster Inc.  were sharply higher on Thursday after Hollywood Entertainment's chief executive said he did not think an attempt to take his company private would succeed, which was taken as a sign Blockbuster could prevail in its bid to buy the U.S.' second-largest video rental chain.
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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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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 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. (BBI.N: Quote, Profile, Research) on Wednesday offered to raise its unsolicited bid for Hollywood Entertainment Corp.
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Movie Gallery Inc.  on Friday offered to buy rival movie rental chain Hollywood Entertainment Corp.  for an undisclosed sum, one week after industry leader Blockbuster Inc.  bid about &#36;700 million for Hollywood.
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NEW YORK, Sept. 8 -- Viacom Inc., the media company that owns CBS and MTV, offered investors a financial incentive to buy shares of the Blockbuster Inc.
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DALLAS Dallas-based Blockbuster Incorporated is gearing up for a hostile takeover of rival Hollywood Entertainment if the two don&#39;t progress on merger talks.
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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.