Amazon.com Makes Bid For Lovefilm, A Netflix-Like European Company [RUMOR]
Amazon.com, Inc. (NASDAQ:AMZN) is rumored to have bid on Lovefilm, a European company that is similar to Netflix. The acquisition would be in the form of a takeover offer. The offer values Lovefilm.com close to 200 million pounds.
Lovefilm declined to comment on the takeover offer. Amazon.com already owns 42% of Lovefilm after they combined their own European rental operations with online movie rental company.
[Reuters]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry