Dish snaps up Blockbuster for 320m
Dish said Wednesday that it had won an auction to buy Blockbuster. The satellite TV provider said it had offered $320 million, about $228 million of which was in cash, to beat out competitors like investor Carl Icahn and SK Telecom. Bids had gotten as high as $310.6 million, from Icahn, before Dish landed the final price.
Dish and Icahn part of bidding for Blockbuster
The bidding to buy out Blockbuster now includes Dish Network and well-known activist investor Carl Icahn, insiders claimed Friday. The two are both supposedly making just the minimum bid, around $290 million, to qualify for the auction before it starts in earnest on Monday. The WSJ in scraping information was warned that new bidders could come into play or make unions with each other.