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Report: Blockbuster seeking new loan to stay afloat

6/11/2010

San Francisco A report Friday said that Blockbuster is in discussions with bondholders to get up to $150 million in debtor-in-possession financing.

According to the Friday online edition of the Wall Street Journal, the discussions don’t necessarily indicate that Blockbuster will file for bankruptcy since the retailer is also pursuing other options, including courting possible strategic partners to secure a new cash infusion

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