[expressmoria]

ENGLEWOOD, Colo., April 6, 2011 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) announced that it was selected as the winning bidder in the bankruptcy court auction for substantially all of the assets of Blockbuster, Inc. DISH Network's winning bid was valued at approximately $320 million. After certain adjustments are made at closing of the transaction, including adjustments for available cash and inventory, DISH Network expects to pay approximately $228 million in cash to acquire Blockbuster at the closing which is expected to occur in the second quarter of 2011.

Full press release here

 

[ScaryBob]

I wonder what Dish's long term plans are. Could it be to create a Netflix competitor? Using the retail locations as Dish sales and service centers (similar to Rogers) is an obvious possibility.