Downtown-Based Blockbuster to Go on Auction Block. The Opening Bid? A Whole $290 Million.

• Fascinating, why would anyone buy an obsolete company? I dont get it. www.complete-privacy.tk

• Surely you're not that naive?...

• If they paid $50 out of pocket, they're about to get screwed out of $50.

• What makes you think they own any of the land?

• Why would anyone buy them when you can watch them bleed to death and then pick up any pieces you might want? Who wants to own a brick and mortar video store? On the other hand, if scumbag Cable/Phone companies start blocking video streaming traffic, then brick and mortar stores might have some value. If anyone buys them, it will just be for the name - for a couple of million.

• I think the property would be worth an easy $290 Mill. How many stores? Mostly good locations.

• What are the effects this has on the headquarters staying in Dallas? I would imagine in the short term it would have no impact, and it if is bought by an out of town private equity firm, no long term impact as there would be no reason to move the business as they slice and dice it for spare parts. The only way I see Dallas losing the headquarters is in the unlikely scenario a competitor such as Redbox, Netflix, Amazon, et al. buys them. Of course this assumes there will still be an entity that remotely resembles the Blockbuster we know today in 24 months time.

• Not so bad. If you sold every one of those crappy videos for $20 ea., it would almost add up to $290 mil.

• It's not like they paid $290 million out of pocket. They probably paid a small fraction of that.

• Yeah, but the late fees really add up.

• If it weren't for all the people that may lose their jobs this would almost be funny. And Keyes will walk away with how much?

• Wow. Someone's about to get screwed out of $290 million....

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