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Dish Gets Antitrust Approval for Blockbuster Buy

8 Apr, 2011 By: Erik Gruenwedel



Dish Network Corp. April 8 said it received antitrust approval for its $320 million acquisition of bankrupt Blockbuster Inc.

Scuttlebutt suggests the Department of Justice and Federal Trade Commission welcomed the concept that Englewood, Colo.-based Dish might continue operating in some capacity Blockbuster stores on a nationwide basis.

“We are pleased to report that earlier today U.S. antitrust authorities granted early termination of the waiting period under the Hart-Scott-Rodino Act in connection with our pending purchase of substantially all of the assets of Blockbuster, Inc.,” Dish said in a statement.

The No. 2 satellite operator said it expects the sale to close April 21.
 


About the Author: Erik Gruenwedel


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