Blockbuster Gets Bid from Icahn, Dish Network: Report

NEW YORK ( TheStreet) -- Blockbuster ( BLOAQ.PK) has reportedly received several more bids ahead of its auction next week.

The Wall Street Journal reported on Friday that billionaire investor Carl Icahn and satellite-television company Dish Network have each submitted offers to purchase the bankrupt movie rental retailer.

Bids for the company were due Thursday evening.

According the Journal, which cites sources familiar with the matter, the bidders have made minimum offers required to qualify for Monday's auction. The bidding will start at $290 million, which was the "stalking horse" offer approved by a judge earlier in the month.

It has also been speculated that Blockbuster received an unexpected bid from a South Korean wireless communication company.

Icahn's potential interest in Blockbuster comes after he said in an article in April's edition of Harvard Business Review that the company was the "worst investment" he ever made.

--Written by Jeanine Poggi in New York.

>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to http://twitter.com/jpoggi.

>To submit a news tip, send an email to: tips@thestreet.com.

More from Stocks

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever