September 19, 2010 / 2:52 PM / 7 years ago

Amazon in bid for whole of Lovefilm - report

LONDON (Reuters) - Amazon (AMZN.O), the world’s largest online retailer, has made a takeover offer for movie-rental firm Lovefilm which values it at close to 200 million pounds, The Sunday Times reported without citing sources.

A spokesman for Lovefilm declined to comment on the story when contacted by Reuters, while U.S. firm Amazon could not be reached for comment.

    Amazon already owns a 42 percent stake in privately-held Lovefilm after combining its own European rental operation with Lovefilm in 2008 and through buying out one of the company’s venture capital backers.

    ($1=.6382 Pound)

    Reporting by Sarah Young; Editing by Hans Peters

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below