Blockbuster UK finds buyer

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Restructuring and investment firm Gordon Brothers Europe bought Blockbuster UK over the weekend. The multimedia rental and sales chain entered administration in January, a month which also saw Blockbuster's US arm close a further 300 stores. Gordon Brothers Europe acquired the retailer's 264 UK stores, with the BBC reporting 2000 jobs may be saved as a result. How much the sale cost remains undisclosed.

With GAME's troubles of last year, the demises of Blockbuster and HMV left UK high street games retail with worryingly threadbare prospects. The administration process leaves Blockbuster with just over half of the 500 stores it had before, while HMV's high street presence is facing a similar level of cutback. However, both the Telegraph and the Financial Times are reporting restructuring specialist Hilco is close to securing a deal to buy HMV, having taken control of the retail chain's debt.

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Source: http://www.joystiq.com/2013/03/25/blockbuster-uk-finds-buyer/

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"Blockbuster UK finds buyer" :: Login/Create an Account :: 136 comments

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undisclosedPosted:

Axe Wait, people still have blockbusters. The one close to me shut down like 2 years ago.


I had a couple in the surrounding towns but they all have shut down years ago

MitzzPosted:

I don't even know where my nearest blockbuster is LOL

Soldier_Posted:

Bias I have about 5 BlockBusters in an 100 mile radius.


I have about zero lol

Soldier_Posted:

M60
-Fluttershy-
Axe Wait, people still have blockbusters. The one close to me shut down like 2 years ago.


BlockBuster died like 2 years ago, all the ones near me shutdown.


I still have one in my local town hope it doesn't shut down


It might, all of the ones in my city closed down a while back.

KTHPosted:

Eventually ALL rental stores and other places like that will be closed down because of the new technology.. Everything will eventually be available online.. Hell, you can already rent games and movies over the internet!

CheeseStuffedPizzaPosted:

I have about 5 BlockBusters in an 100 mile radius.

CearnsyPosted:

-Fluttershy-
Axe Wait, people still have blockbusters. The one close to me shut down like 2 years ago.


BlockBuster died like 2 years ago, all the ones near me shutdown.


I still have one in my local town hope it doesn't shut down

BruPosted:

I used to use blockbuster a lot before all of this :(

OzarPosted:

-Fluttershy-
Axe Wait, people still have blockbusters. The one close to me shut down like 2 years ago.


BlockBuster died like 2 years ago, all the ones near me shutdown.


but its got popular with the game selling, however the prices were very high

KatsumiChanPosted:

Axe Wait, people still have blockbusters. The one close to me shut down like 2 years ago.


BlockBuster died like 2 years ago, all the ones near me shutdown.


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