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Thursday, April 7, 2011

Blockbuster takeover bid by Dish wins judge's OK, (NASDAQ: DISH), (BLOAQ)

Satellite television company Dish Network Corp(DISH.O) can go ahead with its $320 million purchase of Blockbuster Inc(BLOAQ.PK), a bankruptcy judge ruled on Thursday. Judge Burton Lifland's approval gives Dish, led by billionaire Charlie Ergen, control of the one-time video rental leader's 1,700 stores -- a new way to market Dish's services. Dish put in the winning bid for Blockbuster at an auction earlier this week at U.S. bankruptcy court in Manhattan.

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