News provider Wall Street Journal said Amazon valued Lovefilm at about $320m but the cost of acquisition was offset by its 42% holding.
Nasdaq-listed online retailer Amazon has bought out the remainder of its shares in movie rental company Lovefilm for an undisclosed amount.
News provider Wall Street Journal said Amazon valued Lovefilm at about $320m but the cost was offset by its 42% holding. Greg Greeley, Amazon’s vice-president of European retail, said: "Lovefilm and Amazon have enjoyed a strong working relationship since Lovefilm acquired Amazon Europe’s DVD rental business in 2008, and we look forward to a productive and innovative future."
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