Blockbuster’s Bid For Circuit City Ain’t Dead
Circuit City has allowed Blockbuster a look at its books. Finally. The former resisted the request of the latter, saying BBI didn’t have the financial wherewithal to be taken seriously. Major BBI investor Carl Icahn said, “I got it covered. Never you mind.” (Or something to that effect.)
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Much like the Kmart/Sears merger of a few years back, this would be like two drunks propping each other up. I like it because, hopefully, it would bring more jobs to downtown Dallas.
We’ll see.