Blockbuster: Is It Time to Give Up?

Posted on January 18, 2011 at 1:27pm by

Blockbuster is seeking yet more money from creditors as it struggles in bankruptcy court. Now bondholders must decide whether or not to provide another cash infusion or to finally walk away from the company and put it up for sale.

The flailing movie-rental retailer is asking bondholders, led by billionaire investor Carl Icahn and hedge fund Monarch Alternative Capital, for another $200 million to $250 million to be used after it exits bankruptcy protection, according to the Wall Street Journal.

Source: NEW YORK (TheStreet)