Blockbuster makes $1bn offer for Circuit City

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Blockbuster has launched a bid for US retailer Circuit City worth more than $1 billion, with the entertainment retailer suggesting that the move would help it compete more efficiently with the likes of Best Buy and Apple's retail operations.

Blockbuster's chief executive James Keyes claimed that the combined company, which would sell both games and consoles, would be well placed to take advantages of the synergies an all-in-one shop would allow.

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