Troubled US parent set to sell UK Blockbuster

By The Newsroom
Published 14th Mar 2010, 19:39 BST
Updated 14th Mar 2010, 19:46 BST
FILM rental giant Blockbuster is believed to have put its European business up for sale against the backcloth of rising concern over the financial health of its parent.

America's Blockbuster Inc has more than $1 billion (660 million) of debts, which it wants to partly address by selling the European division.

This includes 650 stores and more than 5,000 staff in the UK. The company has appointed Winchester Capital, a US finance house, to seek potential buyers.

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Blockbuster, which also has stores in Denmark, Ireland and Italy, is thought to value the European business at about 50m.