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Dish Puts in a Bid on Blockbuster
Mon Apr 04, 2011 at 01:40 PM ETTags: Dish Network, Blockbuster, Industry Trends (all tags)
Billionaire and shareholder activist Carl Icahn put in a bid as well.
Today’s the day – Blockbuster is up on the auction block and we should find out pretty soon who is going to end up with the company. A few new potential buyers have been revealed, including billionaire Carl Icahn and satellite television provider Dish Network.
The folks at DISH have a lot to gain from a Blockbuster purchase. Specifically, Blockbuster has existing contracts with movie studios, strong relationships and a recognizable brand name. Acquiring Blockbuster could also help DISH come up with a way to compete with Netflix.
Icahn is a bit of a different story. As one of the richest men in the world, he can easily pick up the rental company. He has a bit of history with Blockbuster too – he was a director of the company until 2010.
Source: Home Media Magazine
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