Tie two bricks together and they still don’t float:
The company’s chief executive, James W. Keyes, said that the company had decided that acquiring Circuit City was not in the best interest of Blockbuster shareholders.
Blockbuster had bid more than $1 billion for Circuit City in April.
Silicon Alley Insider has comprehensive coverage of the pros and cons (mostly cons) of the proposed Blockbuster-Circuit City partnership:
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