Dish Network has opened up it’s massive wallet today and announced that it will be acquiring Blockbuster for $228 million. The satellite provider participated in a bankruptcy court auction for Blockbuster, with a winning bid of $320 million. After some adjustments for cash and inventory, the companies both agreed on the final price.
So Blockbuster will continue in some form, we just aren’t sure what Dish’s plans are for it at this time. Who knows, maybe they will try to take on Netflix, though that might be futile.