TMCnet News
Blockbuster to Sell European Arm (BBI)Mar 15, 2010 (SmarTrend News Watch via COMTEX) -- 3/15/2010-Blockbuster (NYSE:BBI) has put its European division, including 650 stores in the UK and more than 5,000 staff, up for sale as part of a drive to raise cash, the Times Online reported Sunday. Blockbuster is currently struggling with spiraling losses and more than $1 billion of debts. The company has appointed Winchester Capital to find a buyer for the European operation, which it values at about £50m. The company also has stores in Denmark, Ireland and Italy. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup |