		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/amazon-set-to-make-lovefilm-offer.jpg"><img class="alignnone size-full" title="Dispatch service Amazon is bidding to take over movie rental service Lovefilm" src="http://londonglossy.com/wp-content/uploads/2011/01/min-amazon-set-to-make-lovefilm-offer.jpg" alt="Dispatch service Amazon is bidding to take over movie rental service Lovefilm"/></a></p>
<p>Internet retail giant Amazon is circling Lovefilm in a deal that could value the movie rental service at nearly £200 million, it has been reported.</p>
<p>The books-to-electronic-goods retailer is understood to be carrying out due diligence on the business that is expected to lead to a buyout offer being made during the next few months, according to the Sunday Times.</p>
<p>Takeover talks are understood to have gathered pace when Lovefilm started to consider a stock market flotation.</p>
<p>Amazon already holds a 42% stake in Lovefilm following a tie-up with its European film rental business in 2008. Other shareholders include technology backers Arts Alliance and Index Ventures.</p>
<p>Lovefilm has more than 1.4 million members across Europe. In exchange for a monthly fee, users can select films and games from the group&#8217;s library of 70,000 titles.</p>
<p>Films are either posted to users or they can be downloaded electronically.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ef6766eae07">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ef6766eae07',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
