Circuit City to give Blockbuster a peek

May 11, 2008 Blockbuster, with backing from some wealthy interested parties, has convinced Circuit City to open its books so that the video rental chain can determine whether it should acquire the consumer electronics retailer. In April, Blockbuster said it would pay $6-$8 per share for Circuit City, though only after it is allowed to accomplish its due diligence, which was hampered by Circuit City's decision not to share its financial secrets, arguing that Blockbuster couldn't afford the more than $1 billion price tag anyway.

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