Circuit City moves toward serious consideration of buyout
The announcement earlier this year by Blockbuster that they were interested in buying the faltering Circuit City consumer electronics chain were largely greeted by skepticism over the video rental giant's ability to finance the $1 billion bid. But at least one major player, Hollywood Video founder Mark Wattles, is more optimistic about the deal's potential. Wattles, whose Wattles Capital Management (WCM) holds more than 6% of Circuit City's stock, has a high opinion of Blockbuster's managemenhttp://www.afterdawn.com/news/archive/1393...