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Blockbuster Mexico poised to acquire rival outfit

Blockbuster Mexico is set to pounce on main rival Grupo Videovisa. "We're definitely interested in acquiring some of Videovisa's assets, including sites, outlets or inventory, provided they fit in with our long term strategy," said Diego Cosio, Senior Vice President, Blockbuster Latin America. The beleaguered Videovisa has been placed on the block by the group of banking entities which acquired it from major broadcaster Televisa in 1993.

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