Wherehouse Bids for Blockbuster Music
Media conglomerate <A HREF="http://www.viacom.com">Viacom</A>, parent company of <A HREF="http://blockbuster.com"> Blockbuster Music</A>, has reportedly put the ailing chain on the auction block. Most likely buyer is Torrance, California-based music retailer <A HREF="http://wherehouse.com">Wherehouse Entertainment, Inc.</A>, which has 220 stores of its own, primarily on the West Coast. On Wednesday, May 13, Reuters news service reported that Wherehouse had tendered an offer of $200 million for Blockbuster. Wherehouse has been in intermittent discussions for several months with Viacom.