Blockbuster offered to buy Circuit City. Zah?

News came out today that Blockbuster offered to buy out Circuit City at a premium over their then valuation. Beats me why they would do this. CC turned them down (also another head-scratcher), b/c they said they were unsure about the financing.

Why isn’t Blockbuster going after Netflix. Seems that their biggest problem.

via CNET

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