Investors bid $290M for Blockbuster

Published Feb. 22, 2011 at 12:00 a.m.
A group of investors has offered $290 million to buy Dallas-based movie rental chain Blockbuster Inc., which filed for bankruptcy protection in September, according to multiple media reports.The company submitted a plan to court on Monday to begin an auction process and signed an asset-purchase agreement with the investor group, which includes Blockbuster creditors. It hopes to close the deal by April 20. The so-called stalking horse bid is subject to higher and better offers.Here's Bloomberg's account and the Wall Street...


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