Blockbuster, the once mighty video rental juggernaut has fallen on hard times. The lands it once dominated have been taken over by the likes of Netflix and Redbox and to a lesser extent sites like Hulu. The company recently filed for bankruptcy protections and is now listing itself for sale.
Bids for the company have started at $290 million. CEO Jim Keys put a positive spin on the whole thing and said this will "allow for the consolidation of ownership of the company to those with a clear and focused vision for Blockbuster's future." Could 2011 finally be the year Blockbuster hits the deadpool?
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