Rumours: Amazon.com could acquire Netflix
Netflix is one of the most interesting companies in the US market today. The movie rental company is performing well and is also working hard on expanding their digital services.
The latest rumour in the market is that Amazon is considering acquiring Netflix.
The reports of a possible deal between [...]
Blockbuster and NCR to launch DVD vending machines
Blockbuster has announced that they are now collaborating with NCR to make available 50 automated kiosks.
These kiosks would deliver DVD rentals as part of this pilot program that can grow to as many as 10,000 kiosks within 18 months.
They did not however reveal details on where these [...]
Blockbuster no longer interested in Circuit City Stores
Video rental chain Blockbuster has now revealed that they are withdrawing their offer to acquire retailing chain Circuit City Stores.
Blockbuster said that they have researched the deal thoroughly and they believe that it would not be in the best interest of their shareholders.
Market analysts were also not amused [...]
Carl Icahn interested in acquiring Circuit City
US based retailing chain Circuit City Stores has said that they are fine with giving access to their books to Blockbuster for reviewing as they have shown interests in acquiring them.
The company added that billionaire investor Carl Icahn is also interested in a possible deal if Blockbuster fails to [...]
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 [...]
Blockbuster services to cost more now
Blockbuster has said that they are now raising the prices of their services. The company would now charge more for their DVD-by-mail service for new customers.
Some existing customers would also be required to pay higher prices.
The company said that the hikes of $2 to $10 will take effect next [...]
Blockbuster posts a wider third-quarter net loss
USA’s leading movie rental chain Blockbuster has come out with their latest revenue report and the company has posted a wider third quarter net loss.
The company suffered as they closed stores and are now focused on boosting sales at its remaining stores.
Blockbuster is facing intense competition from their nearest [...]
