Dish Network buys Blockbuster

Thursday, April 07, 2011

Dish Network outbid other contenders to buy Blockbuster at auction this week.

The deal - worth a reported $320 million - will be finalized in June.

The satellite TV provider plans to use the struggling movie rental chain to grow its streaming content business.

Blockbuster still operates more than 17-hundred stores, despite its crippling debt.

Dish Network executives sounded upbeat about reviving the Blockbuster brand.

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