06.04.2011 14:51 Uhr, Quelle: Engadget

Dish Network wins Blockbuster auction for $228 million in cash

The question of what's next Blockbuster has been partially answered, now that Dish Network has announced it's $320 million bid was enough to win a bankruptcy court auction for the rental giant's remaining assets. The acquisition is expected to close in the second quarter for approximately $228 million, but what exactly Dish plans to do with the 1,700 stores and innumerable copies of Little Fockers is unclear. Executive VP Tom Cullen stated in the press release it looks forward to reestablishing "Blockbuster's brand as a leader in video entertainment" -- but in a world where Netflix, Redbox and iTunes exist

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