Behold:
Troubled DVD and games rental chain Blockbuster has been bought, saving 2,000 jobs and 264 UK stores.
Administrators from Deloitte, the accountancy firm, announced the restructuring specialists Gordon Brothers Europe had purchased the company for an undisclosed sum.
Blockbuster collapsed in January amid competition from internet firms and the digital streaming of movies and games.
Joint Administrator Lee Manning, said: "Having identified a profitable core portfolio of stores we are pleased to have achieved this sale for creditors.
"Together with the previously announced store sales more than half of the original estate has been secured for ongoing use.
"This transaction provides Blockbuster a future in the UK and we owe a special vote of thanks to all the Company's employees, suppliers and customers for helping us rescue the business."
The Huff and Puff Post, March 2013
Now, I am guessing given the dire straits Blockbuster as a business is in, they need some positive news.
I'm not seeing any mention of price here, nor any actual figures. In fact when I googled this is the web page on Blockbuster's site I found:
Place your pre-order deposit for the new Xbox One console at blockbuster.co.uk and we will email you before the release to let you know the final details of the console, including pricing. At which point you will be given the option to choose between Home Delivery or collection from your local BLOCKBUSTER store.
And obviously we will knock the deposit you pay, off the cost of the new Xbox One console.
£20 deposit
So, no real commitment. Just a £20 deposit. No doubt mentioned to every punter going into the stores. And for people un-savvy enough to still be using Blockbuster, well, you bet they buy a lot of stuff there.
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