Advertisement

Blockbuster Entertainment Corp. has signed an agreement...

Share

Blockbuster Entertainment Corp. has signed an agreement to acquire Major Video Corp. for stock valued at $56 million in a merger that analysts said will create the largest video retailer in the nation. Las Vegas-based Major Video said that under the pact, which was reached over the weekend, Ft. Lauderdale. Fla.-based Blockbuster will issue one share of its stock for every 2.25 shares of Major Video stock.

Advertisement