Blockbuster Prepping for Sale

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…

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