Language Selection

English French German Italian Portuguese Spanish

Blockbuster withdraws Hollywood merger bid

Filed under
Movies

Blockbuster said yesterday that it has dropped its $991 million offer to acquire rival video-rental chain Hollywood Entertainment, which officially expired Thursday at midnight.

Faced with a stagnant video-rental market and increased competition for consumers' entertainment dollars, Blockbuster had hoped to expand its dominance of the market with the proposed acquisition.

In a statement, Blockbuster Chairman and Chief Executive John Antioco said that the company decided the merger was not in its best interests "after a careful review of all of the available facts and circumstances."

Blockbuster officials had said earlier this month that the Federal Trade Commission (FTC) would probably try to block the deal on antitrust grounds.

Full Story.

More in Tux Machines

Canonical Patches Four Linux Kernel Vulnerabilities in Ubuntu 15.04 and Ubuntu 14.04

Today, July 28, Canonical published details about new Linux kernel updates for its Ubuntu 15.04 (Vivid Vervet) and Ubuntu 14.04 LTS (Trusty Tahr) operating systems, urging users to update the installations as soon as possible. Read more

Ubuntu Software Center Is Really Hated by the Community, but Why?

Ubuntu MATE recently decided to drop the Ubuntu Software Center and it will not longer be available with the upcoming 15.10 Alpha 2 release. This is interesting in itself, but this editorial is about another aspect. From the looks of it, a very large part of the Ubuntu and Linux community really hates the Ubuntu Software Center. Read more

Wine Announcement

The Wine development release 1.7.48 is now available. What's new in this release (see below for details): - Fleshed out OpenMP implementation. - I/O stream support in the MSVCIRT C++ runtime. - Support for pixel snapping in DirectWrite. - More support for OpenGL core contexts. - Various bug fixes. Read more

Canonical Closes QEMU Vulnerabilities in Ubuntu 15.04 and Ubuntu 14.04 LTS

Three QEMU vulnerabilities have been found and corrected in Ubuntu 15.04 and Ubuntu 14.04 LTS operating systems by Canonical. Read more