In the deal blunder of the last few years, back in 2000 Blockbuster Video had the opportunity to buy Netflix (the online dvd rental agency in the States) for $50 million.... but they passed and decided to go with a deal with Enron to provide video on demand to households in the US...
They cancelled the deal with Enron 9 months later... Enron died, and Netflix's value soared to over $1.4 Billion...
WOWZERS... who over at Blockbuster is hanging from their rafters now?
Tuesday, October 11, 2005 ::
2:54:00 AM
