Blockbuster UK Finds Buyer, Half Of Stores To Close

It is merely been two months since Blockbuster UK announced that it had ended up in administration. That's the UK's version of filing Chapter 11. An investment bank called Gordon Brothers Europe has bought Blockbuster. The sum has not been disclosed. They're reportedly going to keep it open, thus saving approximately 2,000 out of the 4,000 jobs that the DVD stores were providing. Only half of all stores will remain open, rest of them are going to be closed.

There are 528 Blockbuster DVD stores in the United Kingdom. That leaves 264 stores which will continue to function.

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