Dish Network completes acquisition of Blockbuster
A U.S. Bankruptcy Court judge today approved Dish Network's $320 million acquisition of Blockbuster, once the largest movie rental chain.
"We are pleased to have purchased the assets of Blockbuster and look forward to building on the nationally recognized Blockbuster brand while improving the experience of delivering entertainment to consumers," Tom Cullen, executive vice president for Dish Network, said in a statement.
The satellite provider announced its intention to purchase most of the rental chain's assets earlier this month at a bankruptcy court auction. Under the terms of the deal, the acquisition was expected to … Read more