Blockbuster To Put Itself Up For Sale

Blockbuster to put itself up for sale

Blockbuster submits a plan for auction in U.S. Bankruptcy Court. To set a floor on price, a group of creditors puts in an opening bid of $290 million.Home video chain Blockbuster Inc. has opted to put itself up for sale after a previous bankruptcy reorganization plan collapsed and its business continued to deteriorate over the holidays.

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