Blockbuster offers to buy, um, Circuit City: digital downloads be damned!

Huh? Blockbuster just made public its February 17th offer to purchase Circuit City for $6 to $8 per share. As of this morning, Circuit city has not provided the requested due diligence necessary to move the deal forward. As such, Blockbuster is pulling a Microsoft and making the proposal public in hopes of inciting shareholders. They've even gone so far as to publish an open letter from Blockbuster CEO Jim Keyes to Phil Schoonover, CEO of Circuit City. Really, is this how all corporate affairs will be conducted in the future guys? What really boggles the mind though is Blockbuster's quest for even more brick-and-mortar as digital downloads begin to take off. Hit the read link for the full contents of the letter.

[Via I4U]

[(Unverified) Posted Apr 14th 2008 12:11PM]

This isn't Blockbuster wanting to take over CC, but rather Carl Icahn wanting to control CC.

[(Unverified) Posted Apr 14th 2008 12:08PM]

I've talked to a employee of Blockbuster and they claim the company is moving towards selling electronics and games, as well as renting blu-ray. and offer a type of waldenbooks or barnes and nobles type of atmosphere.

[(Unverified) Posted Apr 14th 2008 1:25PM]

So, does this mean i'll have to pay my late fee's before I can buy that outlet price BD player a year from now?

[(Unverified) Posted Apr 14th 2008 3:27PM]

I've worked for CCity for over a year now and our store was one of the first ones to adopt the new policies over the holiday season. It was a mistake to try and transition so quickly, but now that we have slowed down from the holiday rush, we are back on track. We always have customers coming in from Best Buy (about a mile away) telling us how crappy their customer service was and how knowledgeable we are.

Speaking for myself, I am well versed in digital cameras/camcorders, mp3 players, computers/laptops, and all assorted accessories and software. Our store trains us in everything so we can help our customers find everything they need to get the best solution to their tech needs.

But really... Blockbuster? WTF?

[britboyj27 Posted Apr 14th 2008 6:29PM]

You should probably check and see if your shirt is blue or red, since both in Texas and in Arkansas (where I go to school) it's the exact opposite.

[(Unverified) Posted Apr 14th 2008 3:44PM]

So their new name will be Circuit Buster?

[(Unverified) Posted Apr 15th 2008 1:40AM]

Block City.

[Jonny Posted Apr 14th 2008 5:26PM]

Heh.

I work for the CC in Hanover MD, and everyone there was like "WTF".

We all have the feeling if this merger happened it'd fail immensely.

I wouldnt be surprised if Best Buy tried to outbid BlockBuster.

Monopolys be damned.

[(Unverified) Posted Apr 14th 2008 11:04PM]

Ok, ok, ok what the hell Blockbuster, just because Microsoft can continue to try and take over the world doesn't mean you guys can.

The next thing you know you might have Starbucks try and buyout Popeyes, POPEYES!

I think I know who regulates these decisions to buy these companies, but this is getting crazy, we need competition, we need to have coffee places and chicken places that are separate entities, come on government we got a bust economy already lets not add fuel to the flames.

[(Unverified) Posted Apr 15th 2008 2:00PM]

I think Starbucks might have to go after Target.. cause Target sells coffee too.. so they must be competitors

[dosguy Posted Apr 14th 2008 10:28PM]

Circuit Busters.