Government approves Dish Network-Blockbuster deal

Dish Network announced that the Federal Trade Commission and the Department of Justice greenlighted the satellite provider's $320 million purchase of the bankrupt movie rental chain Blockbuster. Dish outbid several rivals for Blockbuster, which declared bankruptcy last year after its movie rental business was hit hard by the rise of Netflix and streaming online video services. The deal is set to close on April 21. Dish has yet to indicate its plans for Blockbuster.