Amazon buys out LOVEFiLM media rental in $312m deal

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20th Jan 11, 07:23 PM

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Amazon buys out LOVEFiLM media rental in $312m deal

According to Techcrunch, Amazon is set to acquire European DVD rental service LOVEFiLM in a $312 million deal. The company currently operates in the UK, Germany, Sweden, Norway and Denmark. Amazon already owns a significant proportion of the equity in the company at around 42%.

Simon Calver, Chief Executive of...

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