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| Version 0 | Version 1 |
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| Blockbuster bids for Circuit City | Blockbuster bids for Circuit City |
| (about 4 hours later) | |
| Film rental firm Blockbuster has gone public with a bid to buy the US Circuit City store chain for $6 to $8 a share. | Film rental firm Blockbuster has gone public with a bid to buy the US Circuit City store chain for $6 to $8 a share. |
| The firm said it sent a letter with the all-cash offer to Circuit City in February, but that the electronics firm had not yet performed due diligence. | The firm said it sent a letter with the all-cash offer to Circuit City in February, but that the electronics firm had not yet performed due diligence. |
| Blockbuster made its bid public saying shareholders "should have the chance to determine the destiny of the company". | Blockbuster made its bid public saying shareholders "should have the chance to determine the destiny of the company". |
| The offer is significantly higher than Circuit City's closing share price of $3.90 before the weekend. | |
| A tie-up of the two firms would lead to an $18bn global retail company, according to Blockbuster. | A tie-up of the two firms would lead to an $18bn global retail company, according to Blockbuster. |