Blockbuster Offers to Buy Circuit City

Blockbuster Offers to Buy Circuit City

Blockbuster said it has made a bid to pay up to $1.35 billion for Circuit City, which questioned whether the deal could be financed.

By Ylan Q. Mui

Washington Post Staff Writer

Tuesday, April 15, 2008

Blockbuster said yesterday that it has made an unsolicited offer to buy the struggling Circuit City for more than $1 billion and create a new type of store that would merge multimedia content and consumer electronics

http://www.washingtonpost.com/wp-dyn/conte...isrc=newsletter

If that goes through it will be a disaster. Both companies are in bad shape. One article I read described this merger as two drunks trying to hold each other up.