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Circuit City looks for a suitor, Blockbuster likely to be it

Posted at 1:57 PM on 5/11/2008 in Gadget

Filed under: Misc. Gadgets, Gaming




Oddly enough, the far-fetched proposal is apt to be accepted. Circuit City has reportedly solicited the relief of Goldman Sachs to help "negotiate a deal," which will fundamentally put the troubled televisions retailer in the hands of someone else. As it stands, Blockbuster looks to be the most interested in picking up the pieces, with billionaire Carl Icahn (Blockbuster's largest shareholder) agreeing to finance the get-together. Of course, it looks as if Blockbuster may be the only outfit interested. Not like that's any surprise, however, as Best Buy itself is having to look to Europe to boost revenues with US customer petty cash off from where it once was. The real quiz here is whether a Circuit City-Blockbuster combo would be the perfect concoction to turn things around for both flagging firms, or will we find that two sinking ships absolutely do go down faster when anchored to one another?
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