Thursday, January 20, 2011

Amazon acquires LoveFilm, the Netflix of Europe [TechCrunch]

A move Netflix will watch closely

Amazon will acquire the remaining shares in the pan-European movie rental and streaming service LoveFilm. Terms have not been disclosed but we believe the valuation was around $312 million. Amazon already owned 42 percent of LoveFilm which acquired Amazon’s DVD rental business in 2008.

Amazon acquires LoveFilm, the Netflix of Europe

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