LONDON (AP) — The DVD and games rental store Blockbuster has been sold to restructuring specialists Gordon Brothers Europe after filing for a form of U.K. bankruptcy earlier this year.
The company had gone into administration — a form of bankruptcy in Britain — in January.
Blockbuster U.K. at the time had 528 stores. Hundreds of shops were shut in the weeks after its financial collapse.
Administrators for the company from accounting firm Deloitte said Saturday that Gordon Brothers Europe had purchased Blockbuster for an undisclosed sum, saving 2,000 jobs and 264 U.K. stores.
Blockbuster in Britain is a subsidiary of U.S.-based Blockbuster LLC, which itself was reorganized under American bankruptcy laws and then acquired in 2011 by Dish Network Corp. of Colorado.
Are These Anti-Gun Hit Pieces Hillary's "King Canute" Moment?
New Cruz ad: Damn, it feels good to be a Clinton
'Can't imagine': Dana Perino and Ari Fleischer amazed by what's in these Hillary-related emails
(VIDEO) PROOF POSITIVE. Ben Carson's Dishonesty Is Bone Deep | RedState
New Jersey Man Slays Child | Human Events
Flint’s Water Poisoned by Federal, State and Local Government Failures
Our Reversible Moral Coma