How Blockbuster LAUGHED at 's offer to sell for $50M

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REVEALED: Blockbuster LAUGHED at when they offered to sell for just $50million during a meeting between execs in 2000 - and now the streaming service is worth $130 BILLION co-founder Marc Randolph describes the meeting in his new book Founders of the startup met with Blockbuster CEO in September 2000 in Dallas Offered to sell for $50M and run Blockbuster's online rental business Randolph says Blockbuster CEO John Antioco 'was struggling not to laugh'   is now valued at $130B, while Blockbuster declared bankruptcy in 2010

By Keith Griffith For Dailymail.com

Published: 23:59 BST, 17 September 2019 | Updated: 04:25 BST, 18 September 2019

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A co-founder has described how the CEO of Blockbuster tried not to laugh when he offered to sell the fledgling startup for $50 million.

Marc Randolph, the co-founder of and the company's first CEO, described the September 2000 meeting with Blockbuster CEO John Antioco in his new book, an excerpt of which was published in Vanity Fair on Tuesday.

Randolph described how he and executives Reed Hastings and Barry McCarthy rushed to the meeting in Dallas from their Santa Barbara headquarters in a private jet owned by Vanna White, who chartered it when she wasn't using it.

Hastings pitched Antioco on the DVD-by-mail startup's promise - though at the time, was on track to lose $50 million by the end of the year, three years after its 1997 founding.

Netflix co-founder Reed Hastings sits in a cart full of ready-to-be-shipped DVDs in 2002. Hasting pitched Blockbuster on buying his company for $50M but was rejected

co-founder Reed Hastings sits in a cart full of ready-to-be-shipped DVDs in 2002. Hasting pitched

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