If you were planning dipping into your rainy-day fund on the off chance you might have been able to buy one-time home video giant Blockbuster at a discounted bankruptcy price, stop. The former king of video rentals has been sold at auction, where Dish Network outbid other interested parties -- including Carl Icahn -- and acquired the bankrupt business for $320 million.
Dish has been on a buying binge lately. Last month, the satellite service provider acquired DBDS North America, a satellite- and land-based communications company, for $1.4 billion. In February, they bought Hughes Communications, one of the largest providers of broadband satellite services, for $1.33 billion under owner Charlie Ergen's EchoStar Corp.