BLOCKBUSTER <BBEC> TO ACQUIRE LICENSEE
Blockbuster Entertainment Corp said it
agreed to buy <Southern Video>, a Blockbuster licensee in San
Antonio.
Blockbuster said it will issue 80,460 shares of its common
stock for all the net assets of Southern Video.
The company said after the acquisition is complete, it
intends to open additional Blockbuster Video Superstores in the
San Antonio market.