Amazon Acquires LoveFilm, The Netflix Of Europe
Amazon has had a large minority shareholding in LoveFilm for some time and this deal has been in the offing for what seems like forever. The talks have been going on since at least September last year, and Lovefilm investors has been looking for an exit since, oh, 2009? Assuming regulatory approvals are all fine the deal should close in the first quarter of 2011.