I hate all things Blockbuster. So to hear Blockbuster is looking to acquire Circuit City, I’m not quite sure how to react. The two companies are no stranger to danger, with Circuit City falling way behind rival Best Buy (oh best buy, how do I hate thee, yet I still go to you), and Blockbuster falling behind Netflix, the merger of these two entities might be good business for both!
Apparently, Blockbuster was looking to purchase a majority in Circuit City at $6 to $8 dollars a share, and has made the offer public in order to drum up a response from shareholders. Circuit City’s board has said that they would carefully consider and evaluate the offer.