also @ TechSpot: Microsoft launches YouTube app, Google demands it taken down

› ›

Blockbuster offers $1.3 billion for Circuit City

By

On April 14, 2008, 7:44 AM

Struggling video retail chain Blockbuster has offered to pay up to $1.3 billion for electronics retail chain Circuit City. Apparently, the offer was made nearly two months ago, but since Circuit City has not provided the requested due diligence necessary to move the deal forward, Blockbuster is pulling a Microsoft and making the proposal public in hopes of inciting shareholders.

While earlier rumors suggested that the movie rental giant was moving into video streaming, Blockbuster’s unsolicited bid for Circuit City could signal the company is moving towards a new direction. How exactly snapping up a failing retail chain will help them in the long-term remains to be seen.

No tags on this story

Post a comment

Post a new comment

Social Login & Guest Posting TechSpot Members
Login here or sign up for free,
it takes about a minute.
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.
TechSpot on:

Most Popular

Trending Featured
More Trending Topics

Featured on Keyboards

Downloads and Drivers

Downloads   Drivers  

J. River Media Center 18.0.187

ComicRack 0.9.169

Ashampoo UnInstaller 5.03

Files Terminator Free 2.5.0.11

Advanced Host Monitor 9.50

More Downloads

Latest Discussion

Unacceptably high disk usage/performance lag Windows 8 42 replies on Windows OS

Bios update help 8 replies on Processors and Motherboards

Vertex shader 1.1 and Pixel Shader 1.1 26 replies on Audio and Video

Best freeware DVD/CD burning software for Windows 7 64-bit 7 replies on Software Apps

Network documentation 6 replies on Storage and Networking

More Recent Discussion

Subscribe to TechSpot

Get free exclusive content, learn about new features and breaking tech news.