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Circuit City Opens Books To Blockbuster, Icahn - And Investors Still Hate The Deal

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2008-05-09 13:25:00 by Michael Learmonth in Silicon Alley Insider
...Blockbuster (BBI) is going to get a shot at Circuit City (CC)--for better or for worse. The consumer electronics retailer has retained Goldman Sachs to explore options, including Blockbuster's offer to acquire the company for $1.3 billion Circuit City says it's satisfied with a pledge from Carl Icahn, Blockbuster's largest shareholder, to...
 
Tags: circuit city, blockbuster, carl icahn, carl icahn loves, circuit city board, board, circuit city bid, bid, blockbuster proposal
 
 
 
 
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Blockbuster Wants You To Download Movies At Its House. Literally.

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2008-06-01 15:05:31 by Paul Glazowski in Mashable!
Blockbuster has been in the news on and off ever since Netflix got to be the video rental king it is today. Its typical role now is one of a sort of pin cushion which critics jab - most rightly, some wrongly - when drawing comparisons to the invention-turned-marvel that Reed Hastings first established roughly a decade ago Evidently the company...
 
Tags: blockbuster, blockbuster acquires movielink, blockbuster online, movie, special movie extras, download, blockbuster bears brunt, movie rental business, blockbuster location
 
 
 
 
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Blockbuster Video Wants Circuit City, Now!

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2008-04-14 17:53:08 by Ashley in CyberNet
...Blockbuster Video parking lot on a Friday night? At one point both companies, Circuit City and Blockbuster Video were at the top of their game and were doing very well for themselves. Over the last several years we have seen them slowly drop in popularity and in profitability, and both are seen as companies in a bit of trouble. Thats why when...
 
Tags: city, acquire circuit city, circuit city, circuit city directly, blockbuster, blockbuster video, blockbuster writes, blockbuster shares, shares
 
 
 
 
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Blockbuster: Did We Mention That Carl Icahn Likes Our Circuit City Bid? (BBI)

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2008-04-21 15:20:00 by Peter Kafka in Silicon Alley Insider
...Blockbuster's Circuit City gambit , in large part because it can't figure out where Blockbuster (BBI) is going to come up with the $1.3 billion it says it will pay for the foundering electronics chain Blockbuster, says the WSJ ( $ ), is trying to calm the street with a two-pronged attack: Arguing it can strip much of the cash it needs out...
 
Tags: circuit city, circuit city bid, blockbuster, carl icahn, carl, bid, blockbuster prir team, circuit city shares, carl icahn loves
 
 
 
 
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Blockbuster Wants Stake In Viacom's Pay-TV Channel

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2008-04-29 14:45:00 by Michael Learmonth in Silicon Alley Insider
Blockbuster (BBI) wants to buy Circuit City, but here's a deal that might make more sense: the WSJ reports Blockbuster has been in talks to join Viacom (VIA) which, along with MGM and Lions Gate, is launching a pay-TV channel to take on Showtime (CBS), HBO (TWX) and Starz. As part of the deal, Blockbuster would get digital rights to the channel...
 
Tags: blockbuster, pay-tv channel, channel, blockbuster deal, deal, wsj reports blockbuster, viacom, circuit city, circuit city shareholder
 
 
 
 
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Why Blockbuster's Movie Kiosks Won't Fix Blockbuster (BBI)

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2008-05-29 11:10:00 by Dan Frommer in Silicon Alley Insider
Blockbuster is facing lots of challenges . How will it survive? One idea the company is now floating : Digital movie kiosks that could someday transfer a movie to your portable movie-playing gadget in 30 seconds There's a lot to be skeptical about: Right now, Blockbuster (BBI) has no content deals, and the trial kiosks only work with devices...
 
Tags: kiosks, movie, blockbuster, trial kiosks, digital movie kiosks, fix blockbuster, digital movie, blockbuster reveals, blockbuster expand
 
 
 
 
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Blockbuster CEO Explains Crazy Circuit City Bid: Desperate Cry For Attention (BBI)

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2008-08-11 13:07:00 by Peter Kafka in Silicon Alley Insider
...Blockbuster's odd bid for Circuit City ; neither were investor s. But now that Blockbuster (BBI) has finally walked away from it, CEO Jim Keyes comes clean. He was never that interested in it, anyway. It was just more effective than paying for ads or rentin a booth at next year's CES. WSJ Blockbuster is now a stronger contender in electronics...
 
Tags: circuit city, circuit city bid, blockbuster, bid, odd bid, ceo jim keyes, keyes, manufacturers, carl icahn likes
 
 
 
 
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Blockbuster: We Haven't Abandoned 'Total Access,' We've Just Made It Profitable

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2008-05-15 14:00:00 by Peter Kafka in Silicon Alley Insider
Blockbuster (BBI) turned in generally positive Q1 results with predictable falling sales but increased profits, indicating CEO Jim Keyes is having some success managing the declining rental DVD business Big question: What does acquiring Circuit City have to do with setting up Blockbuster to compete digitally Answer: nothing. But Keyes argues...
 
Tags: rental, brings rental softness, in-store rental, rental dvd business, mail, mail-order business, core rental business, total access, business