Peter Kafka

Recent Posts by Peter Kafka

Dish Buys Bankrupt Blockbuster

Dish Network has purchased bankrupt Blockbuster Inc. for $320 million. Dish says it will to continue operate the video rental chain, and plans to use Blockbuster’s 1,700 locations to help market its satellite TV service. Dish beat out other bidders including Carl Ichan; the Wall Street Journal has a detailed blow-by-blow of the bankruptcy auction which began Tuesday morning and stretched into Wednesday.

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