Comments on: Blockbuster offers $1 billion for Circuit City
The video rental chain bids an unsolicited $1 billion to $1.3 billion. The struggling consumer electronics retailer says it is still evaluating the proposal.
The video rental chain bids an unsolicited $1 billion to $1.3 billion. The struggling consumer electronics retailer says it is still evaluating the proposal.
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If I was on the Circuit City board I would say NO WAY. Blockbuster is in a dying business. They need a new business. It's obvious why they want to merge. The benefits to Circuit City are less clear. Why would they want to dilute what they have left of their low-margin business?
drive-thru's of yesteryear...
- An absolutely bad idea
- by chuck_whealton April 15, 2008 3:21 PM PDT
- Circuit City has probably seen better days, but I'll say when I was last there, they had what I consider to be fair deals.
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(3 Comments)Blockbuster, on the other hand, is overpriced and they keep raising their prices to the point where if you have on-demand, you might as well use it.
If they buyout Circuit City and start raising all of their prices, I don't see Circuit City being around much longer. At that point, you might as well order online.
I sure won't be a customer, if they take that route.