Blockbuster Offers to Buy Circuit City
Apr 15, 2008
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Blockbuster is making a hostile takeover bid of just more than US$1 billion for retaiiler Circuit City. Chief Executive James Keyes said  combining the companies would create a 9300-store chain that could sell portable devices and entertainment for them, much like Apple Inc.'s stores. The larger would have movie-rental stores inside, and Blockbuster locations would offer a limited selection of electronics.

Circuit City said it doubted Blockbuster could finance the deal and has resisted opening its books. (AP)



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