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Blockbuster Video Wants Circuit City, Now!

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2008-04-14 17:53:08 by Ashley in CyberNet
...Circuit City was the place to go for consumer electronics? Do you also remember the days when a parking spot was hard to come by in the 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...
 
Tags: city, acquire circuit city, circuit city, circuit city directly, blockbuster, blockbuster video, blockbuster writes, blockbuster shares, shares
 
 
 
 
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Blockbuster (BBI) Gets Smart, Drops Crazy Circuit City (CC) Bid

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2008-07-02 11:25:00 by Dan Frommer in Silicon Alley Insider
...Circuit City (CC), another foundering retailer. So it's ditching those efforts, "spooked by souring market conditions" and whatever it found in Circuit City's books, the WSJ reports The video-rental chain's move to withdraw its bid leaves Circuit City scrambling to ensure its future. Circuit City had reluctantly agreed to allow Blockbuster...
 
Tags: circuit city, circuit city bid, circuit city shareholders, blockbuster, carl icahn likes, carl icahn, tuesday, statement tuesday, move
 
 
 
 
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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
...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 retailing, Mr. Keyes...
 
Tags: circuit city, circuit city bid, blockbuster, bid, odd bid, ceo jim keyes, keyes, manufacturers, carl icahn likes
 
 
 
 
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Circuit City Files For Bankruptcy (CC)

2008-11-10 09:40:00 by Dan Frommer in Silicon Alley Insider
 
...Circuit City (CC) is filing for bankruptcy protection. WSJ Circuit City listed its amount of assets at $3.4 billion and its total debts at $2.3 billion, according to a bankruptcy document filed with the court. About 168 million shares of its common stock are held by about 4,463 shareholders, according to the filing The company said it expects...
 
Tags: circuit city, circuit city shares, shares, million shares, blockbuster, blockbuster foolishly waved, bankruptcy document filed, stores, creditors
 
 
 
 
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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
...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 purchase the company himself if Blockbuster...
 
Tags: circuit city, blockbuster, carl icahn, carl icahn loves, circuit city board, board, circuit city bid, bid, blockbuster proposal
 
 
 
 
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Circuit City Closing 20% Of U.S. Stores To Save Cash

2008-11-03 09:28:00 by Dan Frommer in Silicon Alley Insider
 
...Circuit City (CC) says it's shuttering 155 of its 721 U.S. stores, or about 20%, to save cash. The declining electronics retailer will also consider "all available options and alternatives to restructure its business They won't get the $6 to $8 cash per share that Blockbuster foolishly waved earlier this year , that's for sure -- Circuit City...
 
Tags: circuit city, stores, store closeout sales, circuit city expects, store, closeout sales, circuit city shares, sales, save cash
 
 
 
 
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Circuit City Downsizes and opens "The City" stores

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2008-03-10 20:41:15 by Ashley in CyberNet
...Circuit City store, it seemed a little empty and cold compared to the Best Buy up the street that had all kinds of people bustling about. What I saw was no different than what many of you have probably seen at your local Circuit City stores which makes it clear that theyre struggling. To define struggling, Circuit City hasnt seen a quarterly...
 
Tags: city, city stores, circuit city, circuit city store, ads, black friday ads, black friday, black friday deals, cybernet
 
 
 
 
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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
...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 Circuit City (CC)...
 
Tags: circuit city, circuit city bid, blockbuster, carl icahn, carl, bid, blockbuster prir team, circuit city shares, carl icahn loves
 
 
 
 
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Circuit City Owes HP, Samsung, Sony $294 Million

2008-11-10 15:39:00 by Eric Krangel in Silicon Alley Insider