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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Scientists find superbugs in Delhi drinking water 4:43am EDT WRAPUP 5-Aftershock shakes Japan's ruined northeast coast 4:02pm EDT Japan's neighbors alarmed over risk of radiation threat 9:27am EDT Aftershock shakes Japan's ruined northeast coast | 4:08pm EDT Wisconsin certifying votes, girding for recount in judge race 2:40pm EDT Discussed 115 U.S. to reach debt limit by May 16: Geithner 79 Stumbling blocks remain in budget fight 73 US Republican budget plan would cut $5.8 trln in 10 yrs Watched Robotic bird takes flight into the future Mon, Apr 4 2011 Ouattara forces storm Gbagbo bunker Wed, Apr 6 2011 High price for a government shutdown Wed, Apr 6 2011 small business Is social media the elephant in the room? GoDaddy founder Bob Parsons caused a stir when he posted a video of him killing an elephant on Twitter. It's the latest example of the inherent dangers of social media and small businesses should take heed to avoid pulling a "Parsons." Full Article Managing elephant-sized social media blunders The do's and don'ts of securing a domain name 5 signs you need a marketing makeover Blockbuster takeover bid by Dish wins judge's OK Tweet Share this By Dena Aubin NEW YORK (Reuters) - Satellite television company Dish Network Corp can go ahead with its $320 million purchase of Blockbuster Inc, a bankruptcy judge ruled on Thursday. Judge Burton Lifland's approval gives Dish, led by billionaire... Email Print Related News Electronic stores in two states offer free guns 10:56am EDT Dish expands its scope with Blockbuster win Wed, Apr 6 2011 RadioShack stores in Montana, Idaho offer free guns Wed, Apr 6 2011 Top M&A law firms at center of new insider case Wed, Apr 6 2011 UPDATE 3-Ergen-led Dish wins Blockbuster auction for $320 mln Wed, Apr 6 2011 Analysis & Opinion Tech wrap: YouTube changing the channel? Deals wrap: A Blockbuster deal for Dish? Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Media » Stocks The Blockbuster movie rental store is open for business in the Denver suburb of Broomfield, Colorado April 6, 2011. Credit: Reuters/Rick Wilking By Dena Aubin NEW YORK | Thu Apr 7, 2011 4:47pm EDT NEW YORK (Reuters) - Satellite television company Dish Network Corp can go ahead with its $320 million purchase of Blockbuster Inc, a bankruptcy judge ruled on Thursday. Judge Burton Lifland's approval gives Dish, led by billionaire Charlie Ergen, control of the one-time video rental leader's 1,700 stores -- a new way to market Dish's services. Dish put in the winning bid for Blockbuster at an auction earlier this week at U.S. bankruptcy court in Manhattan. The company beat out activist investor Carl Icahn, South Korea's SK Telecom Co and a group of hedge funds led by Monarch Alternative Capital LP. Proceeds of the sale will help pay off Blockbuster creditors who are collectively owed more than $1 billion. These creditors include Icahn, other bondholders and movie studios, among others. Jim Keyes, Blockbuster's chief executive, said after Thursday's court hearing that he was pleased with the sale, especially because Dish has said it plans to keep Blockbuster operating. Speaking to reporters, Keyes declined to say how many stores will remain open but said he expects Dish to assume a significant number of leases. Blockbuster's DVD rental kiosks, operated by NCR Corp, are also expected to stay in business, he said. Blockbuster helps broaden Dish's business beyond its satellite service and could help transform the company into a major provider of on-demand video, analysts said. For details click on [ID:nLE7F6164]. MORE THAN 100 OBJECTIONS FILED Other potential buyers included liquidators that were expected to close Blockbuster had they won the auction. Blockbuster employs roughly 16,500 people in the United States and 12,800 people elsewhere, Keyes said. The sale is expected to close on April 25, Dish said in a statement on Thursday. A spokeswoman for Dish did not immediately respond to a phone call seeking further comment. More than 100 parties had filed objections to the sale with the court, including landlords seeking assurance that Dish would honor and pay sums owed on Blockbuster's leases. Many of these sums remain in dispute. Blockbuster asked that the objections be dealt with at a later date, and the judge agreed. "It was not clear until very recently that the successful bidder contemplated an ongoing business model" rather than a liquidation, Lifland said. 1 2 Next Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Media Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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