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September 2010

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Blockbuster On The Verge Of Bankruptcy « Back
August 2010
After years of financial hardship, international movie rental company Blockbuster began talks with its bondholders in May to obtain a $150m debtor-in-possession loan, a move that signals the company is closer to seeking Chapter 11 protection. According to a Reuters report published on 11 June 2010, the Dallas-based company has a $900m debt load and has been aiming to restructure the business more...
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