Lovefilm to sell? Netflix in the frame
A spokesperson told has told PaidContent: “We can confirm Lovefilm has received approaches and the board is considering options on on behalf of the group and its shareholders.” Investment bank Jeffries has been appointed on the deal.
And although the word is that “discussions are focusing on new investors acquiring a majority stake rather than a full buy-out of existing shareholders” to be honest it’s a moot point – it’s anything that would give the existing shareholders the “liquidity event” they almost certainly desire.