Dish Puts in a Bid on Blockbuster

Posted Mon Apr 4, 2011 at 10:40 AM PDT by Dick Ward

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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Tags: Industry Trends, Blockbuster, Dish Network (all tags)