DealZone

Deals wrap: A Blockbuster deal for Dish?

A Blockbuster movie rental store is seen in Golden, Colorado September 16, 2009. REUTERS/Rick WilkingActivist investor Carl Icahn may have shown up in person at Blockbuster’s bankruptcy auction to place his bid, but it was U.S. satellite TV provider Dish Network that walked away the winner.

Dish, led by satellite billionaire Charlie Ergen, won the assets of the once-mighty video rental chain for about $320 million, beating out Icahn and at least two other bidders in an auction that lasted into the early morning hours on Wednesday.

NYSE Euronext will “absolutely not” be placing a counterbid for Nasdaq OMX, a source close to the Big Board told Reuters corresondent Paritosh Bansal in an exclusive interview. The source said such a combination would be strategically unattractive and face “insurmountable antitrust problems.”

Embattled clothing retailer American Apparel is exploring a possible sale as it grapples with a lagging share price and persistent financial problems, sources close to the matter told peHUB.

Private equity-backed deals drove the U.S. market for initial public offering in the first quarter of 2011 and look set to continue doing so for the rest of the year, bankers told Reuters at the Global M&A Summit in New York.

DirecTV adds to media merger excitement

With media titans GE and Vivendi still negotiating a deal to bring cable operator Comcast into a mega-media joint venture, a management move at DirecTV is giving dealwatchers a fresh programming alternative.

Yinka Adegoke and Sinead Carew report the appointment of PepsiCo veteran Michael White (pictured below), who has no experience in pay TV, as DirecTV CEO is being read as a sign the company’s parent, Liberty Media, just wants a baby-sitter until its sells the operation in the next couple of years.

Telecom leaders Verizon and AT&T approached Liberty earlier this year, they report. Both have cross-marketing deals with DirecTV and would leapfrog the rest of the market with the addition of DirecTV’s subscriber base. But fears of insurmountable regulatory resistance put those talks on ice.