Skip to main content

Posts

Showing posts with the label DishNetwork

Dish Network wins Blockbuster auction for $228 million in cash

The question of what's next for Blockbuster has been partially answered, now that Dish Network has announced its $320 million bid was enough to win a bankruptcy court auction for the rental giant's remaining assets. After "certain adjustments" are made and the deal closes, it's expected to cost just $228 million in cash but what exactly Dish plans to do with the 1,700 stores and innumerable copies of Little Fockers is unclear. Executive VP Tom Cullen stated in the press release (after the break) Dish looks forward to reestablishing "Blockbuster's brand as a leader in video entertainment," but in a world where Netflix, Redbox and iTunes exist that could be easier said than done. DISH Network Agrees to Acquire Blockbuster Assets ENGLEWOOD, Colo., April 6, 2011 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) announced that it was selected as the winning bidder in the bankruptcy court auction for substantially all of the assets o...