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Blockbuster to sell itself off for $290m in face of digital

February 21st, 2011 link to (permalink)

Blockbuster said on Monday that it planned to auction itself off post-bankruptcy with an uncommon trick to guarantee a minimum price. The company is using a "stalking horse" bid from an investment fund coalition, Cobalt Video Holdco, to set a minimum bid of $290 million.

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