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Of course LoveFilm wants to sell to Amazon

Mike Butcher

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Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

Monday, January 3rd, 2011
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It’s reported that Amazon is in talks to acquire LoveFilm, the UK-DVD rental and online movie-streaming company. The deal is said to be worth $312 million, but in all honesty we are not surprised. The talks have been going on since at least September, and Lovefilm has been looking for an exit since, oh, 2009? The investors dearly want an exit from what we hear.

Amazon already owns 42 percent of LoveFilm which acquired Amazon’s DVD rental business in 2008.

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  • http://eu.techcrunch.com/2011/01/05/while-lovefilm-mulls-a-sale-it-signs-another-movie-house-for-streaming-service/ While LoveFilm mulls a sale, it signs another movie house for streaming service

    [...] currently the source of speculation over whether it is about to be sold to Amazon or not, has boosted its streaming content following an exclusive agreement with Icon Film Distribution. [...]

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