A brilliant move for Blockbuster – Blockbuster’s business is dying, while Circuit city is in retail – which always has some sort of future. If Blockbuster can raise the money from markets that do not realise their business model is dead, then good on them for exiting a bad situation early.
Ignore the rhetoric.
The combination of Blockbuster and Circuit City will result in an $18 billion retail enterprise uniquely positioned for the convergence of media content and electronic devices
It reminds me of the AOL-TimeWarner deal. AOL cashed out by buying old media, which had lasting rather than AOL’s ethereal value.