Blockbuster Says Cobalt to Buy All of the Assets of the Company

Blockbuster Inc. (BLOAQ.PK), which filed for bankruptcy last year, says it has started the process to sell itself and has entered into a “stalking horse” asset purchase deal with investor group Cobalt Video Holdco for $290 million. – Reuters

1 Comment on Blockbuster Says Cobalt to Buy All of the Assets of the Company

  1. As long as Cobalt buys Blockbuster’s assets and then closes all the stores at once like Blockbuster should have done ages ago, this will be a worthy investment to Cobalt.

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