Blockbuster, that fallen giant of the video rental landscape, is quickly running out of options. After filing for bankruptcy last year, the company has repeatedly delayed the day when it has to file a reorganization plan and attempt to live again. According to a report in the Wall Street Journal, BB may now be seeking a buyer after a failure to secure more lifeline cash from its debt holders.
BB’s sale would take place as an open auction in bankruptcy court, and the company would be for sale to the highest bidder. The WSJ speculates that potential BB buyers could include hedge fund investor Carl Icahn, Netflix, Redbox parent Coinstar, or a Hollywood studio.
Should Blockbuster hit the auction block, who do you think would want to pick it up, Insiders? Or is there a chance that nobody will want to be stuck with the BB albatross? Visit the comments and let us know what you think will happen.
(via the WSJ)