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Mergers, takeovers and investments.

Blockbuster (USA; +1/214 854 3000; www.blockbuster.com) has finalised an agreement to buy certain assets of Hong Kong video rental chain KPS Retail Stores, which went into receivership in November (see 1998/270b1). Acquisition gives Blockbuster a foothold in the Hong Kong market with 15 stores, which it plans to re-open no later than 16 February 1999.

C-3D Digital (USA; +1/800 773 7317; www.3d.com), American company specialising in technology for communications and entertainment sectors, is to acquire the technology and assets of 3-D computer graphics outfit Strata Co

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