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Entries tagged "Blockbuster"Studios push Coinstar into games; Netflix next?With Hollywood studios threatening to withhold movies from Coinstar's Red Box and rival Netflix, Coinstar plans to rent video games. Will Netflix follow with a GameFly purchase? How will Wattles' Blockbuster story end?If history is any indicator, then activist investor Mark Wattles' involvement at Blockbuster could lead to an unhappy ending. BearingPoint Ch. 11 the tip of the iceberg?BearingPoint and Trump Entertainment may be the first of a frenzy of bankruptcy filings. See a list of some recognizable names of both public and private companies that could follow. Will vice chair appointment re-energize Circuit City auction?Activist investor Mark Wattles of Wattles Capital Management LLC, who has been pressing a Circuit City Stores Inc. sale since the beginning of this year, has a minor victory under his belt, as James Marcum, a member of his nominated three-person board slate, has risen to the ranks of vice chairman of the retailer. But, will Marcum use his newfound role to help drive a sale of the ailing retailer?... Roll Call: Circuit City director resignsBlockbuster Inc. is not the only one quitting on Circuit City Stores Inc. The lead director of Circuit City resigned after Blockbuster withdrew its bid, according to The Wall Street Journal. Mikael Salovaara was chairman of the nominating and governance committee in addition to lead director. Prior to that, he worked at Goldman Sachs Group Inc., Circuit City's investment banker. - Maria Woehr Circuit City is down, but is it out? Could Sears or Wal-Mart bid for Circuit City? Rabble Babble: What's next for Circuit City?... Could Sears or Wal-Mart bid for Circuit City?Now that Blockbuster Inc. is out of the running for Circuit City Stores Inc. who are the potential suitors that may bid for the struggling electronics retailer? After the jump, we offer some of thoughts from The Deal's newsroom. ... Circuit City is down, but is it out?Circuit City Stores Inc.'s unlikely savior Blockbuster Inc. bowed out of a bid for the beleaguered electronics retailer on Wednesday with a statement from Blockbuster chairman and CEO Jim Keyes: "based on market conditions and the completion of our initial due diligence process, we have determined that it is not in the best interest of Blockbuster shareholders to proceed with an acquisition of Circuit City."... Rabble Babble: What's next for Circuit City?Blockbuster Inc. has dropped its $1.4 billion bid for Circuit City Stores Inc., prompting the target's shares to plunge below $2.20. The announcement has fueled rumors that the electronics retailer's auction is in trouble, and shareholders are chattering about its alternatives. ... Blockbuster drops Circuit City pursuitVideo retailer Blockbuster Inc. said Tuesday it would drop its proposal to buy Circuit City Stores Inc. as speculation grows that the electronics retailer's auction is in trouble. ... Bidders interested in Circuit City?As he pushes for the sale of ailing electronics retailer Circuit City Stores Inc., investor Mark Wattles reportedly said Tuesday the company may have several interested bidders.... Dealwatch: Movie GalleryMovie Gallery Inc. on May 20 emerged from bankruptcy protection a month after its reorganization was approved and little more than two years after its ill-fated deal for rival Hollywood Entertainment Corp. The company emerged majority owned by second-lien debtholder Sopris Capital Advisors LLC, which will contribute up to $150 million in exit financing. It's a model, according to Soapbox contributors, that could serve as a template for other such plans going forward. ... Icahn holds key to Circuit CityStruggling consumer electronics retailer Circuit City Stores Inc. has agreed to open up its books to Blockbuster Inc. and Blockbuster's biggest shareholder, Carl Icahn. The question is whether Icahn would buy Circuit City if a Blockbuster deal falls through.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Blockbuster." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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