Blockbuster Gets Bid, Puts Biz Up for Sale

February 22, 2011

Blockbuster has entered into an agreement to sell its assets to Cobalt Video Holdco, a limited liability company formed by funds that are secured note holders in the chain. Blockbuster has also filed a motion for authorization to seek other bids for the company.

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.