Blockbuster offered to buy Circuit City. Zah?
News came out today that Blockbuster offered to buy out Circuit City at a premium over their then valuation. Beats me why they would do this. CC turned them down (also another head-scratcher), b/c they said they were unsure about the financing.
Why isn’t Blockbuster going after Netflix. Seems that their biggest problem.
via CNET
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[...] Gizmos for Geeks :: Whoever Has The Most Toys Wins! wrote an interesting post today on Blockbuster offered to buy Circuit City. Zah?Here’s a quick excerpt News came out today that Blockbuster offered to buy out Circuit City at a premium over their then valuation. Beats me why they would do this. CC turned them down (also another head-scratcher), b/c they said they were unsure about the financing. Why isn’t Blockbuster going after Netflix. Seems that their biggest problem. via CNET Bookmark/e-Mail [...]
[...] turning down a Blockbuster offer that was a premium to their then valuation back in April, Circuit City has fallen on harder times [...]