Bloomberg News / Blockbuster Auction Pits Dish Network Against Icahn Group

April 5, 2011

SUMMARY

Blockbuster Inc. (BLOAQ)’s auction to sell its movie rental business began as Dish Network Corp. (DISH) made the highest of five different bids, with the offers pitting liquidators against buyers who would reorganize the bankrupt company.

The second highest bid as the auction began was from billionaire investor Carl Icahn and a team of four liquidators, (Great American Group Inc. (GAMR), Tiger Capital Group LLC, Hudson Capital Partners LLC and SB Capital Group LLC) Blockbuster lawyer Stephen Karotkin said in Manhattan court today.


VIEW FULL ARTICLE ONLINE