DISH Wins Bankruptcy Auction, Buys Blockbuster Assets For $228M In Cash
April 06, 2011 at 06:08 AM EDT
DISH Network this morning announced that it was selected as the winning bidder in the bankruptcy court auction for substantially all of the assets of Blockbuster , which went belly up in September 2010. DISH's winning bid was valued at approximately $320 million, but after adjustments for available cash and inventory and others, the company expects to end up paying approximately $228 million in cash to acquire Blockbuster.
