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Blockbuster Said to Get Rival Bids From Icahn, Dish, SK Telecom

Blockbuster Inc., with a lead $290 million offer from a group of lenders at a bankruptcy auction, has received competing bids from investor Carl Icahn, Dish Network Corp. and SK Telecom Co., according to a person familiar with the matter.

The bids are slightly higher than the offer from the group of secured creditors, said the person, who declined to be named because the talks are private. Corporate liquidators Gordon Brothers Group LLC and Hilco Merchant Resources LLC are also among the bidders, the person said. The bankruptcy auction is set for April 4.