Blockbuster was the largest video rental chain in the country.
It is the first video chain to establish a presence since Roy's left four years ago.
The chain now had 660 stores in total, making it the world's largest video rental chain at that time.
Republic is owned by Blockbuster, the country's largest video chain.
Last week, the video chain, the country's largest, announced plans to acquire 48.2 percent of Spelling Entertainment, the television and motion picture production company.
Blockbuster is far larger than the other two video chains.
Nevertheless, "for a great night with the family, there's no place like home," argues a commercial from Blockbuster, the nation's largest video chain.
With the proceeds from this offering, the company began to quickly complete acquisitions of various video chains, primarily in the southeast.
The video chain reported second-quarter earnings of 23 cents a share, compared with 17 cents for the period a year earlier.
Thanks to his cash-rich video chain, he would become vice chairman of the combined company.