Video chain buys in $100 mil deal

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Video rental giant Hollywood Entertainment Corp. has agreed to buy online video store in a deal valued at $100 million, the companies said in a statement. Hollywood Entertainment will issue 5 million shares of Hollywood Entertainment stock and $30 million in cash to stockholders of The deal is expected to close within 30 days. offers access to more than 85,000 movie titles, movie information and recommendations.

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