Blockbuster sells off Mexican subsidiary


blockbusterBlockbuster LLC, a wholly-owned subsidiary of DISH Network Corp., has completed the sale of Blockbuster Mexico to Grupo Elektra, a company owned by Grupo Salinas.

“We are very pleased to have concluded the sale of Blockbusters’ more than 300 retail stores covering the entire country of Mexico,” said Michael Kelly, president of Blockbuster. “We believe that Blockbuster will complement the retail properties currently owned by the Salinas Group.”

“The acquisition of Blockbuster adds more than 300 retail outlets to our distribution network of over 6,460 points of presence in 108 Mexican cities,” said Luis Niño de Rivera from Grupo Salinas. “Together with the diversified products offered by Grupo Elektra, we look forward to providing Blockbuster customers with retail and rental products and services.”