BBI Investor’s Party: Blockbuster Withdraws Bid, A Never Mind About Circuit City Celebration

Blockbuster’s Chief Executive Jim Keyes has heard the screams of investors, bloggers, and analysts against the bright idea to buy out Circuit City. The proposal has been withdrawn and the merger is called off. The announcement came Wednesday evening following newly motivated advertising campaigns.

Circuit City (CC) shares fell drastically after the news. Blockbuster’s share price has risen since the decision announcement.