In a quest to escape regulatory hell, Blockbuster Video has decided to step down from its proposed takeover of rival rental chain Hollywood Video. Blockbuster's acquiescence preempts the Federal Trade Commission's proposed action against the merger, which under current regulations and configurations, would have surely constituted an unfair monopoly. This move should provide pave a clear path for a merger between Hollywood and Movie Gallery, who have offered to buy the company at $13.25 per share.
categories Movies, Cinematical