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Articles tagged with: icahn

Dish Network Buys Blockbuster For $320 million

The Dish Network has agreed to pay $320 million for virtually all the assets of the troubled video chain, which filed for Chapter 11 bankruptcy protection in September. With a winning bid at a bankruptcy auction, the Dish Network bought Blockbuster, according to an announcement made this morning. Dish will like take advantage of Blockbuster’s online streaming and movie rentals service.

Dish beat out billionaire investor Carl Icahn and a group of debt holders for the Dallas movie-rental chain.