SamusAran86
Registered Member
I just read a News Story that says Blockbuster is trying a hostile takeover of Hollywood Video!!
another thing I didnt know is that Movie Gallery (a fairly newer rental place in Arizona) already had takeover plans of the same nature.
Movie Gallery bid was 13.25 cents per share, and had already won antitrust approvement
But the FTC is asking Blockbuster for more information, after they put in a hostile bid of 14.50 cents per share
Blockbuster was blocked from takeing over Hollywood a few years back, loseing because antitrust hearings said they would become too powerful...
But blockbuster thinks they can now win antitrust approval because of things like "netflix" and cheap DVD at retail....
funniest thing about this... current stock prices for all 3 companies
Blockbuster: $8.67 and keeps going down
Hollywood: $14.06 keeps going up
Movie Gallery: $23.46 keeps going up
I personally do not like blockbuster. especially with there new "No Late Fee's" policy... sure you get to keep the movie as long as you want, but you will still be charged if you do not return the movie by the 7th day... something else there will be a suit over in the near future, as blockbuster doesnt inform customers of this regulation, you have to read it in the materials they provide
another thing I didnt know is that Movie Gallery (a fairly newer rental place in Arizona) already had takeover plans of the same nature.
Movie Gallery bid was 13.25 cents per share, and had already won antitrust approvement
But the FTC is asking Blockbuster for more information, after they put in a hostile bid of 14.50 cents per share
Blockbuster was blocked from takeing over Hollywood a few years back, loseing because antitrust hearings said they would become too powerful...
But blockbuster thinks they can now win antitrust approval because of things like "netflix" and cheap DVD at retail....
funniest thing about this... current stock prices for all 3 companies
Blockbuster: $8.67 and keeps going down
Hollywood: $14.06 keeps going up
Movie Gallery: $23.46 keeps going up
I personally do not like blockbuster. especially with there new "No Late Fee's" policy... sure you get to keep the movie as long as you want, but you will still be charged if you do not return the movie by the 7th day... something else there will be a suit over in the near future, as blockbuster doesnt inform customers of this regulation, you have to read it in the materials they provide