Icahn, Dish Bid For Blockbuster

Billionaire investor, Carl Icahn, and satellite-television provider, Dish Network, have placed their bids for movie rental chain, Blockbuster.

Billionaire investor, Carl Icahn, and satellite-television provider, Dish Network, have placed their bids for movie rental chain, Blockbuster, The Wall Street Journal reports. A group of hedge funds, led by Monarch Alternative Capital, has already offered $290 million for the company. South Korea’s SK Telecom and various private-equity firms are also considering placing bids for Blockbuster. A group of Blockbuster landlords has made an objection to the sale of the company, saying the Monarch-led group did not provide appropriate protection to the landlords.

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