BlockBuster to buy CC??

[djman37 5,000+ posts]

DALLAS (AP) -- Movie rental chain operator Blockbuster is taking

an unsolicited $1 billion-plus bid for Circuit City Stores directly

to shareholders, saying the consumer electronics chain is dragging

its feet on previous offers.

Dallas-based Blockbuster Inc. said early Monday said it has been

in talks with Richmond, Va.-based Circuit City Stores Inc. for

months regarding a potential acquisition, and on Feb. 17th sent a

letter to Circuit City Chairman and Chief Executive Philip

Schoonover offering at least $6 per share in cash for the company.

Blockbuster says that, to date, Circuit City has failed to

provide due diligence necessary to allow Blockbuster to make a

definitive takeover proposal.

Click to read more...

 

[Flipx99 5,000+ posts]

You are about 4 fours too late. Anyone who studies this kinda stuff viewed the deal at 6:30ish..

 

[Flipx99 5,000+ posts]

If it goes through, I'd short this shit out of the conglomerate.

 

[Flipx99 5,000+ posts]

actualy i viewed it at 6:29. your all late.
And i bought blockbuster two seconds ago, your still late.

If you are trading based on this news, I lol.

 

[djman37 5,000+ posts]

You are about 4 fours too late. Anyone who studies this kinda stuff viewed the deal at 6:30ish..

yes, it crossed the wires a while back AND I don't really follow. I thought BlockBuster was having trouble? guess not that much.

 

[atoz350 10+ year member]

So one broke company is going to buy another broke company? This should be interesting.

 

[bumpin buick 5,000+ posts]

So one broke company is going to buy another broke company? This should be interesting.

blockbuster broke?

 

[atoz350 10+ year member]

blockbuster broke?

Weren't they having trouble due to Netflix and OnDemand?

 

[crunktimes.com 5,000+ posts]

I would imagine Blockbusters days are numbered (in the retail chains at least) with Netflix (they have the same service now) and the fact a lot of people are going to be watching movies on the computer (Netflix has this service now) I would imagine in 5 years there will no longer be such a think as a B&M Blockbuster.

I hate CC and Blockbuster equally so I hope they both crash and burn //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[bumpin buick 5,000+ posts]

The only big thing that seems to have effected them much at all this past year is there announcement to take over CC. That made them drop something like 11% but they seem to be doing stable. I mean every US company currently is hurting some but its not like there filing bankrupcy or anything of that sort any time soon

 

[bumpin buick 5,000+ posts]

I would imagine Blockbusters days are numbered (in the retail chains at least) with Netflix (they have the same service now) and the fact a lot of people are going to be watching movies on the computer (Netflix has this service now) I would imagine in 5 years there will no longer be such a think as a B&M Blockbuster.
I hate CC and Blockbuster equally so I hope they both crash and burn //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

I to, am not a big fan of either company but from a financial stand point this will be beneficial to the US and its investors

 

[kballa422 10+ year member]

I don't doubt it, their retardedly ridiculous rental rates don't even compare to other options, or at least they used to not, I haven't rented there in awhile but I know before it was like $5 for 5 days and games were worse and late fee's were ridiculous. But maybe they've changed their pricing schemes and such.

 

[atoz350 10+ year member]

The only big thing that seems to have effected them much at all this past year is there announcement to take over CC. That made them drop something like 11% but they seem to be doing stable. I mean every US company currently is hurting some but its not like there filing bankrupcy or anything of that sort any time soon

That's only because they cornered the market and made huge profits early on. Right now they are stable in their past profits. They are not growing at all.

 

[JCJetta 10+ year member]

Seems like a lost cause from two losers.

Blockbuster has been beaten by Netflix. CC has been beaten out by Best Buy.

Supposedly the new business model would be that of an Apple store; to which I say "good luck with that".

Still, as a consumer I'd hate to see either of them go. Both of them have been formidable competitors to their respective niche markets, and both of them are quite established names in the American Consumer's household. It's just sad how they have fallen off the radar in the past few years; and that is a direct component of how management has performed.

 

[Flipx99 5,000+ posts]

I trade love for money.
thats it.

What position did you take? I already said what I am going to do.