In Circuit City Deal, Blockbuster Weighs Options
Blockbuster is considering a variety of options when it comes to financing its $1 billion bid to purchase Circuit City, according to an analysis in the Wall Street Journal Monday. This is because Circuit City has begun to question how Blockbuster can afford to make the deal.
The options include using their own debt facility, selling off assets, or possibly even using Circuit City’s own balance sheet.
In addition Carl Icahn, the well-known activist investor who owns a stake in Blockbuster, could end up financing part of the deal.