It has just been announced, that after entering administration earlier this year, Blockbuster UK has been saved. The private equity firm, Gordon Brothers Europe, announced the news, not disclosing how much they paid for the business  but they did mention that they plan to keep 2,000 workers and 264 of the stores on after the transition.

However they do also plan to bring some “new products” and “new technologies” to the brand in order to bring the company back to life.

Already known for rescuing companies in the red before, its likely we may see more of Blockbuster’s in the coming months.

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