Report: Dish, Icahn join bidding for Blockbuster

AP News
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Posted: Apr 01, 2011 1:13 PM
Report: Dish, Icahn join bidding for Blockbuster

Several bidders are set to duke it out for Blockbuster Inc. at a bankruptcy auction in New York on Monday. They reportedly include Dish Network Corp. and billionaire investor Carl Icahn.

The movie-rental chain has received several bids other than the opening bid of $290 million from a group of debtholders made in February. Blockbuster filed for Chapter 11 bankruptcy protection in September.

Dish and Icahn have each submitted a bid, The Wall Street Journal reported Friday, citing anonymous sources familiar with the matter.

Dish Network declined to comment. Icahn could not immediately be reached.

Jay Indyke, attorney for the committee of unsecured creditors, says several bids had come in but did not specify who they are from.

Following the auction, a sale approval hearing is scheduled for Thursday.