Bloomberg News / Dish Faces Studio, Landlord Fights With Blockbuster Acquisition

April 7, 2011

SUMMARY

The $320 million proposed acquisition of Blockbuster Inc. (BLOAQ) by Dish Network Corp. (DISH) will bring with it disputes with landlords and movie studios and questions about the viability of the movie-rental business, analysts said.

The satellite TV provider’s winning bid yesterday beat offers from Carl Icahn and liquidators. Dish said the offer includes $228 million in cash, and hasn’t announced how it will treat the movie studios that are Blockbuster’s main business partners. The deal offers pennies on the dollar even for the creditors first in line to be repaid

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