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.
Related Links:
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(WSJ)
