Blockbuster to sell itself off for $290m in face of digital

Blockbuster said on Monday that it planned to auction itself off post-bankruptcy with an uncommon trick to guarantee a minimum price. The company is using a "stalking horse" bid from an investment fund coalition, Cobalt Video Holdco, to set a minimum bid of $290 million. The deal would see companies already investing in Blockbuster buy it out if there were no takers but would get a better deal from a third party....



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