Blockbuster Bids To Buy Hollywood Video

Blockbuster, America’s largest movie-rental chain, says it is making an offer to buy rival Hollywood Video. Blockbuster sys ‘it would offer stockholders of its top rival $11.50 per share in cash, or about $700 million, plus the assumption of $300 million of Hollywood debt, in mid-January.’

Source: Yahoo! (AP) - 12/28/04