Just when it seemed Blockbuster's situation could not get any worse.
The struggling video rental chain is preparing to put itself up for sale after failing to get the cash needed to emerge from bankruptcy, The Wall Street Journal reported. And even Blockbuster's bondholders -- the ones waiting to get paid back what the company owes them -- seem to be OK with rolling the dice on a sale.
Why? Because even after months in bankruptcy, it sounds like Blockbuster just couldn't put together any good plans -- plans for reorganization, plans for debt reduction and especially a good strategy to compete with rivals.
Netflix (NFLX), Apple (AAPL), Amazon (AMZN) and other video giants are charging full speed ahead. And Blockbuster is simply stuck. It could take years to get out of bankruptcy and rebuild -- and then what would the company have left of value?
Tidak ada komentar:
Posting Komentar