After weeks of wrangling over the proper way to claw out of bankruptcy, Dallas-based Blockbuster has finally won court approval of a plan paving the way for its sale rather than a proposed liquidation.
Here is the official news from Friday, March 11:
Court Approves Bidding Procedures for Sale of Blockbuster
Major Parties Reach Agreement on Revised Stalking Horse Bid;
Auction to be Conducted under Section 363
Blockbuster Continuing to Serve Customers in the Ordinary Course