Blockbuster wants to acquire Circuit City

Movie rental service Blockbuster has revealed that they have offered to acquire electronics retailer Circuit City Stores.

The offer is worth around 6-8 dollars per share.

The company said that it was made in February earlier this year but they are yet to receive a favorable response.

Blockbuster said that if the acquisition is made, the new entity would have a net worth of USD 18 billion.

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