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Posts with tag takeover

Blockbuster offers to buy, um, Circuit City: digital downloads be damned!


Huh? Blockbuster just made public its February 17th offer to purchase Circuit City for $6 to $8 per share. As of this morning, Circuit city has not provided the requested due diligence necessary to move the deal forward. As such, Blockbuster is pulling a Microsoft and making the proposal public in hopes of inciting shareholders. They've even gone so far as to publish an open letter from Blockbuster CEO Jim Keyes to Phil Schoonover, CEO of Circuit City. Really, is this how all corporate affairs will be conducted in the future guys? What really boggles the mind though is Blockbuster's quest for even more brick-and-mortar as digital downloads begin to take off. Hit the read link for the full contents of the letter.

[Via I4U]

High-Def Digest, High Def Forum acquired by Internet Brands

A couple of sites you probably frequent daily have just been scooped up by Internet Brands, Inc.: High-Def Digest and High Def Forum. Apparently neither site will undergo any major changes, as IB is enabling the pair to remain as standalone entities with new administration. In the coming weeks, both destinations will be migrated to speedier, more robust servers, and there's open threads established for avid users to discuss any questions they may have about the each acquisition.

[Via Format War Central]

Read - High-Def Digest's announcement
Read - High Def Forum's announcement

Comcast and Insight complete midwest transition

Just as expected, Comcast and Insight Communications have wrapped up the so-called "Insight Midwest Transaction." With the completion, Comcast now owns 100-percent of the cable systems serving Illinois customers in Rockford / Dixon, Quincy / Macomb, Springfield, Peoria and Champaign / Urbana as well as Indiana customers in Bloomington, Anderson, and Lafayette / Kokomo. It was also noted that Insight has full ownership of cable systems in Louisville, Lexington, Bowling Green and Covington, Kentucky along with those in Evansville, Indiana and Columbus, Ohio. Considering just how much area this deal covers, we've all ideas a reader or two has been affected one way or another -- if that's you, drop us a comment and let us know how things are faring, would you?

Comcast swallowing Insight in Greater Lafayette, Indiana area

For 69,000 cable subscribers in the Greater Lafayette, Indiana area, December 31st will be the last day you tune into cable provided by Insight Communications. As of January 1, 2008, Comcast will be taking over hordes of customers in the Lafayette-Attica-Kokomo markets and surrounding areas, but according to Comcast spokesman Mark Apple, there won't be any "immediate changes." It was noted that no price hikes would be throw in initially, but due to promises of extra HD programming and HD VOD, we can't imagine those bills staying flat for too long. Additionally, Comcast still hasn't worked out a deal to carry the Big Ten Network, which will certainly present a problem considering the proximity of Purdue / Indiana. From the outside looking in, this takeover looks like a mixed bag, but if Comcast finally figures out a way to carry the Big Ten Network and offer up more HD options at a reasonable price, we suppose things would look quite a bit better.




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