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| Icahn prepared to buy Circuit City if Blockbuster can't |
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| Business and Law | ||||
| By AP (via Yahoo) | ||||
| Friday, May 09, 2008 10:40 | ||||
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Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain's bid to buy the company. Circuit City also revealed that it received a letter from Blockbuster indicating that the company's largest shareholder, investor Carl Icahn, is prepared to buy Circuit City on his own if Blockbuster can't get financing or can't get shareholder approval.
Read the complete story here.
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