Tuesday, February 23, 2010

Wal-Mart Agrees to Buy Vudu, an Online Movie Service - NYTimes.com

More Wal-Mart/Vudu analysis

Terms of the acquisition were not disclosed, but a person briefed on the deal said the price for the company, which raised $60 million in capital, was over $100 million. Other companies, including Best Buy, Amazon.com, Comcast and the satellite company EchoStar, had also expressed interest in acquiring Vudu, according to this person, who asked for anonymity because the terms of the deal were private.

The two companies began informing Hollywood studios and television manufacturers of the deal on Monday, and Wal-Mart said it was expected to close within a few weeks.

The acquisition adds a forceful player to what is already a crowded field of companies aiming to deliver streamed entertainment to the living room.

Wal-Mart Agrees to Buy Vudu, an Online Movie Service - NYTimes.com

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