On-the-Auction-Block Blockbuster Thinks Amazon, Best Buy, CVS Are Interested
Home Media Magazine directs our attention to this Friday filing in U.S. Bankruptcy Court in New York, where Renaissance Tower-based Blockbuster filed for Chapter 11 back in September. As we noted last week, Blockbuster's up for sale now, with Monarch Alternative Capital among the interested parties, having contributed to the $290-million stalking horse bid. But the embattled company, now under siege from movie studios (such as Universal) insisting Blockbuster owes millions for DVDs presently sitting on stores' shelves, insists there are other parties interested -- the so-called "Potential Bidders Parties" listed in Exhibit D of Friday's filing.
The list is quite a who's-who hodgepodge, ranging from Amazon to Best Buy to CVS to Echostar/Dish to BlackBerry maker Research in Motion to Philip Anschutz, who owns a little bit of everything. The filing doesn't say why those companies, among dozens of other names listed, are mentioned. But as noted on the I Hate Blockbuster forum, there are a few liquidators amongst the would-be buyers.
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