WILL BLOCKBUSTER SHUT DOWN?

In what appeared to some analysts as yet another step toward the disappearance of the familiar blue façades that have been a part of the U.S. retail scene for the past quarter-century, Blockbuster on Tuesday agreed to sell itself to a so-called stalking horse consortium of its debtholders for $290 million in a deal that […]

ICAHN MAKES NEW MGM MOVE, IS SUED BY LIONSGATE

Continuing to play a fascinating game of high-stakes chess, activist investor Carl Icahn on Wednesday made his third offer within a week to MGM debtholders. Icahn said he would pay 50 cents on the dollars to acquire MGM senior debt — if they submit the shares to him by Friday. (His previous offers stipulated minimum […]