Dallas – Bankrupt video rental store chain Blockbuster has
received bids from satellite TV provider DISH Network (NASD: DISH) and billionaire investor
Carl Icahn, The Wall Street Journal reported, citing sources.
A group of hedge
funds led by Monarch Alternative Capital already made a "stalking
horse" bid of about $290 million for Blockbuster.
Also weighing a bid
reportedly is South Korea’s SK Telecom.
The Journal speculated that DISH, Icahn
and other bidders likely pledged minimum offers initially, to qualify for the
bankruptcy auction scheduled on Monday.