Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Blockbuster tries to buy Circuit City

1 Updates
Blockbuster tries to buy Circuit City
 
 

Comments

Full Story

Blockbuster tries to buy Circuit City

Blockbuster announces that they offered to buy electronics retail chain Circuit City.

Update 05/09/08:
Circuit City now open for new strategic options

Blockbuster Inc. has offered to acquire Circuit City Stores, Inc. for at least $6.00 per share in cash, subject to due diligence. The offer was made on February 17th.
Circuit City has apparently failed to provide due diligence necessary to allow Blockbuster to make a definitive proposal. Blockbuster is making its proposal public because it believes the shareholders of Circuit City should have the opportunity to participate in determining the destiny of the company.
Blockbuster noted the combination of the two companies would result in an $18 billion global retail enterprise uniquely positioned to capitalize on the growing convergence of media content and electronic devices. The transaction would allow both companies to benefit from the revenue growth generated by their complementary products, while the resulting synergies would substantially improve consolidated financial performance, thereby increasing shareholder value.

It is quite an interesting thought that the movie rental company would be extending to also sell electronics. At some point in the next 5-10 years there will be no need for Blockbuster stores as movies will be downloaded and not rented via a disk. It seems to me that Blockbuster tries to stay a brick and mortar business also in a digital movie rental future.

More details in this Blockbuster press-release.

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 1

Centurion Corp acquires Penang land to develop workers dorm

Source: The Edge Singapore

Centurion Corporation said it has agreed to acquire a piece of land located at Seberang Perai Selatan in Penang, Malaysia, for RM6.3 million ($2.45 million). This marks the group’s first acquisition in another state of Malaysia outside of Joh ...
Source: The Edge Singapore   Full article at: The Edge Singapore Aug 12 2014, 9:21am CDT
 


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

Linda Cohn Files Lawsuit Against New York Ice Rink
Linda Cohn Files Lawsuit Against New York Ice Rink
ESPN broadcaster Linda Cohn is filing a lawsuit against a New York ice rink after a group of kids pushed a heavy coin machine which allegedly fell on her, resulting in a huge gash that required 25 stitches.
 
 
Nick Cannon Admits He and Wife Mariah Carey are Separated
 
 
JaMarcus Russell Does Dish Network Commercial
JaMarcus Russell Does Dish Network Commercial
Former NFL first overall pick JaMarcus Russell did a commercial for Dish Network along with Matt Leinart, Brian Bosworth and Heath Shuler which was released on Aug. 19.
 
 
Tim Howard Goes on 1-Year Break From USMNT
Tim Howard Goes on 1-Year Break From USMNT
United States goalie Tim Howard announced on Aug. 21 he will take a one-year break from international competition.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.