Dish Network Wins Blockbuster With $320M Bid

Law360, New York (April 5, 2011, 12:04 PM EDT) -- Dish Network Corp. beat out five competitors with a $320 million offer to buy bankrupt Blockbuster Inc. in a New York auction for the movie rental chain that lasted into early Wednesday morning.

The field of bidders in the hotly contested auction was narrowed from five to three — a group of Blockbuster Inc. lenders that submitted the initial stalking horse bid, Dish, and a group led by investor Carl Icahn — as the bidding dragged on, moving from a public courtroom in the U.S. Bankruptcy...
To view the full article, register now.