POSTED: Friday, February 11, 2011 - 8:54am
UPDATED: Friday, February 11, 2011 - 8:56am
Blockbuster Inc. may put itself up for sale, after a disagreement with its creditors.
The Wall Street Journal is reporting the video rental chain could not agree with its creditors on a plan to get more money to help it come out of Chapter 11 bankruptcy protection. The newspaper said a bidder could offer more than $300 million for the chain.
Blockbuster was once the leading U.S. movie rental chain, but took a big hit as Netflix Inc., DVD rental kiosks stole business. The chain filed for bankruptcy protection in September.