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Blockbuster has Hollywood in sight.(Blockbuster Entertainment Group)(Brief Article)
At a time when Blockbuster has been attempting to keep pace with Netflix and Wal-Mart, its core rivals in the Web-based movie-rental business, the specialty retailer is also looking to shore up its store-based operations. The company placed an offer to acquire Hollywood Entertainment Corp. this week for $700 million in stock. The Wilsonville, Ore.-based company operates more than 1,920 Hollywood Video superstores and 600 Game Crazy specialty stores. In a prepared …
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