NEW YORK (Reuters) - Blockbuster Inc has received five qualifying bids at a bankruptcy auction that will determine whether the movie rental chain will stay in business or shutter its roughly 1,700 remaining stores, a lawyer for the company said.
Bidders include a group led by billionaire Carl Icahn, the Blockbuster lawyer said on Tuesday at U.S. Bankruptcy Court in Manhattan, where the auction is taking place.
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Other bidders include Dish Network Corp, SK Telecom Co, Cobalt Group, and a team including Gordon Brothers Group and Hilco Merchant Resources, the lawyer said.
(Reporting by Dena Aubin in New York; Writing by Jonathan Stempel; Editing by Lisa Von Ahn)