Amazon makes bid for LoveFilm

E-tailer values movie rental service at ?200 million
Author:
Publish date:
Social count:
0
E-tailer values movie rental service at ?200 million
3_LoveFilm Logo Sml.jpg

Amazon.com has made a £200 million bid to acquire movie rental company LoveFilm.

According to Retail Week, this is not the first time Amazon has expressed interest in the rental service, having taken a 42 per cent stake in the business in 2008.

The privately owned LoveFilm currently has around 1.4 million members with a catalogue of 67,000 movies and games. Prior to this bid, LoveFilm’s owners were rumoured to be considering floating the company on the stock market.

Related