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S.Korea SK Telecom eyes investment in Blockbuster -source

Published 03/29/2011, 09:26 PM
Updated 03/29/2011, 09:28 PM
TEO
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SEOUL, March 30 (Reuters) - SK Telecom, South Korea's top mobile carrier, is considering investing in bankrupt U.S. video rental chain Blockbuster Inc, an official with the operator said on Wednesday.

"We are considering investing in Blockbuster as we are looking at many opportunities overseas," the official said on condition of anonymity, as she was not authorised to talk to the media.

Blockbuster will proceed to a sale auction in April after the the bankrupt U.S. company negotiated an agreement with creditors who had called for an immediate Chapter 7 liquidation. (Reporting by Hyunjoo Jin; Editing by Jonathan Hopfner)

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