Blockbuster’s creditors are preparing to sell the rental chain, according to a Wall Street Journal report.
The company’s investors reportedly could not agree on a plan to take the company out of bankruptcy. They are willing to sell Blockbuster for $300 million.
To put that price tag in perspective, it’s quite a fall for a company that was purchased by Viacom for $8.4 billion in 1994…
https://www.thewrap.com/movies/article/report-blockbuster-prepping-sale-24665