Netflix vs Blockbuster - Sudden Death | 1
Business Wars
Hollywood Video - Can Carolicon Really Wring Profit Out of Blockbuster?
Millionaire hedge fund investor karl icon wanted to buy block buster. Icon had a reputation for buying stock in companies that he considered undervalued and forcing management to cut costs, sell assets or buy back their stock at inflated prices. Ikon planned to quickly profit on both ends of the deal. Hollywood video stockholders would get a premium price to sell their shares. Block buster's stock would bump up in value just because icon was on the scene,. agitating management to squeeze more money out of the deal for investors.
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