Blockbuster offers to buy Circuit City

Blockbuster has put in a bid to buy the electronics chain Circuit City for $1.33 billion. Circuit City witch has struggled recently because of Best Buy’s dominance in the consumer electronics retail sector, witch already has claimed the life of CompUSA. Circuit City is expected to agree to the deal aimed at “taking advantage of the global trend of putting media content on electronic devices”, Blockbuster said on Monday.

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