Blockbuster insolvent - der Zock beginnt
und schon bei zahlreichen Zockerboden...
oft schon insolvent...
...aber sowas wie hier habe ich noch nie erlebt!
Ein Bieterverfahren um einen big Player mit Vermögenswerten von 1 Milliarde Dollar, gigantischen Steuervorteilen wegen Verbindlichkeiten und über 50 Bieter, darunter Walt Disney, Yahoo, Universal Studios etc?
Warum kauft nicht Google unsere Blocki gleich auf?
Die legen 2 Milliarden auf den Tisch und gut ist ;-)
Letztendlich sind dort ja erst 14 Uhr 57.....................
;-)
Wir sollten alle ein bisschen feiern! Oder???
Da dran vorbei......
...zweite Straße links.......
.....drei Häuser weiter........
.......dann kommt ein kleines Waldstückchen.......
..........vierter Hasenbau rechts..........
...............da ist eine Höhle!
......................Hier sitze ich mit meinen 40 Räubern!
+++++++++++++ Ihr seid herzlich Willkommen! ++++++++++++
* MARCH 11, 2011, 2:35 P.M. ET
Blockbuster Inc. (BLOAQ, BLOAQ) Chairman and Chief Executive Jim Keyes said a court-authorized auction was the best path for the struggling movie-rental company and its investors.
"We are pleased that the court has authorized us to proceed with the auction process, which we believe represents the best opportunity to move the company forward and maximize value for our stakeholders," Keyes said in a release Friday.
Blockbuster said it expects operations will continue to serve customers in the ordinary course during the sale process.
The approved bidding procedures will be released in a court order. According to Blockbuster, the auction is likely to require interested parties--other than the group of hedge funds that have already made an initial $290 million stalking-horse offer--to submit binding offers to acquire Blockbuster within about 25 days. Assuming additional bids come in, an auction would be held in early April, which would be quickly followed by a final-sale approval hearing, the company said.
At the March 10 hearing, the court denied a motion seeking to immediately convert Blockbuster's Chapter 11 cases to liquidation cases under Chapter 7 of the U.S. Bankruptcy Code.
Blockbuster filed for Chapter 11 protection in September. It had hoped to reorganize, but weak sales over the holiday season pushed Blockbuster to try to sell itself.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com