The company has hired law firm Kirkland & Ellis and is also working with investment bank Rothschild, said the source, who asked not to be named.
(Reporting by Emily Chasan)
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2009 | BLOCKBUSTER B : Blockbuster posts lower profit, shares slide | RE |
2009 | BLOCKBUSTER B : Blockbuster beats Street views, but warns of sales slide | RE |
NEW YORK (Reuters) - U.S. movie rental chain Blockbuster has hired lawyers to explore a possible bankruptcy filing, a source familiar with the matter told Reuters on Tuesday.
The company has hired law firm Kirkland & Ellis and is also working with investment bank Rothschild, said the source, who asked not to be named.
(Reporting by Emily Chasan)