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My thoughts were so loud I couldn't hear my mouth
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Member Since: 11/2006Last Seen: 10/18/2009

Blockbuster to buy... Circuit City? They call it "Game-Changing," I call it stupid

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Movie rental house Blockbuster has made an unsolicited takeover bid for struggling electronics retailer Circuit City, a move that aims to combine the stores of both companies into "a game-changing retail concept" akin to Apple Inc.'s widely successful international retail operation.

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"Our proposal offers Circuit City a significant premium to its existing stock price and creates a game-changing retail concept with a sustainable competitive advantage," said Blockbuster chief executive Jim Keyes. "We believe the combination will result in a compelling consumer proposition that will drive significant revenue and margin enhancements as well as cost synergies."

Translation from dumbass business-speak to English: We are scared @!$%#less by Netflix and iTunes so we're trying any damned thing that pops into our heads.

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  • 2 votes
Reply#1 - Mon Apr 14, 2008 1:31 PM EDT
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