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  • inothings inothings Jan 3, 2014 2:54 PM Flag

    Blockbuster MEXICO stores sold to Mexican retail chain. Reuters article

    MEXICO CITY, Jan 3 (Reuters) - Mexican retail chain Elektra, owned by businessman Ricardo Salinas, will
    complete its purchase of local video and games rental company Blockbuster next week, according to people close to the deal.
    Mexico's Federal Economic Competition Commission last month gave Elektra the go ahead to buy Blockbuster's video and videogame sales and rental business in Mexico, and Elektra plans to revamp the business as an on-demand digital video service, the people said on Friday"

    Notice the part where it says, REVAMP AS AN ON DEMAND DIGITAL VIDEO SERVICE.

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