Blockbuster UK finds a rescuing buyer, keeps staff and stores afloat

When Blockbuster's UK brand entered administration at the start of the year, there were concerns that it would ultimately prove just another casualty of the inexorable move toward online video. Not quite: Gordon Brothers Europe, a private equity firm known for rescuing troubled companies, has bought Blockbuster's British assets. The acquirer isn't disclosing the cash involved, but it plans to keep 2,000 workers and 264 stores in full swing while it plots a turnaround. That recovery is only descr...