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
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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.