In this year of non-deals and terminated deals, this is not a surprise, considering how foolish the bid was in the first place: Blockbuster (NYSE: BBI) has abandoned its offer to buy Circuit City Stores, after weeks of investor speculation on the deal’s progress. Here’s how BB CEO Jim Keyes…

There hasn’t been much movement on the potential deal between Blockbuster (NYSE: BBI) and Circuit City since the electronics retailer agreed to open up its books to the movie rental chain. The only real development is that Circuit City has turned in some rough results, prompting speculation that Blockbuster may…

The awkward pairing of Circuit City and Blockbuster is past the spitball phase and into the handholding phase. The struggling electronics giant says it will allow Blockbuster and its investor Carl Icahn to conduct due diligence into the company, and it says it has hired Goldman Sachs to help it…

Circuit City has another mess to deal with. In addition to fending off Blockbuster (NYSE: BBI), it now has a proxy fight on its hand. Wattles Capital Management, a 6.5 percent holder of the company’s shares, has submitted a slate of five candidates to the company’s board. In its statement,…

A day after Blockbuster (NYSE: BBI) announced its bid for Circuit City, analysts and the investors are still scratching their heads. After losing about 13 percent yesterday, Blockbuster shares are off another 1.7 percent, while Circuit City shares are down 2.2 percent to 4.86, well off the $6 minimum that…

Throughout its conference call explaining the deal, Blockbuster (NYSE: BBI) CEO Jim Keyes touted the opportunity for Circuit City to sell media services as an add-on to its traditional sales, much the same way it already sells warranties and technical support services. But this wouldn’t be new ground for Circuit…

Depending on how you look at it, they’re either doubling down on brick and mortar or waving the white flag on their core business… Video rental chain Blockbuster (NYSE: BBI) says it has made a $6 per share all-cash buyout offer for electronics retailer Circuit City, but that its efforts…