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February 11, 2011

Blockbuster may try to sell itself

NEW YORK (AP) — Blockbuster Inc. plans to put itself up for sale after a disagreement with its creditors, according to a Wall Street Journal report.

The newspaper, citing sources it did not name, said the movie rental chain could not agree with its creditors on a plan to get cash to help it exit Chapter 11 bankruptcy protection. The Journal says a bidder could offer more than $300 million for the chain plus assuming debt and leases.


 
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