HDTV Almanac - Blockbuster Bags Circuit City Deal

Started by alfredpoor Jul 3, 2008 1 posts
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On Tuesday, Blockbuster issued a statement that the company has “decided to withdraw its proposal to acquire Circuit City.” The release quoted company chairman and CEO, Jim Keyes:
“Based on market conditions and the completion of our initial due diligence process, we have determined that it is not in the best interest of Blockbuster’s shareholders to [...]

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