Court Approves Purchase of Substantially All Of Blockbuster Inc.'s Assets by DISH Network

The U.S. Bankruptcy Court for the Southern District of New York issued an order April 14 approving the sale of Chapter 11 debtor Blockbuster Inc.'s assets free and clear of all liens, claims, and encumbrances to DISH Network Corporation (In re Blockbuster Inc.).

Judge Burton R. Lifland approved the sale after finding that the auction was conducted in good faith, complied with the bidding procedures order and that the debtor reasonably and appropriately marketed the assets, giving potential bidders a full and fair opportunity to submit bids. The court also overruled all objections to the sale, except those ...