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AMAZON BUYS “THE NETFLIX OF EUROPE”

January 20, 2011 by · Leave a Comment 

Online retailer Amazon is buying the 58 percent stake in Lovefilm — the Netflix of much of Europe — that it doesn’t already own. Terms of the transaction were not disclosed but analysts estimated that the deal likely valued Lovefilm at $300 million. In a statement, Greg Greeley, Amazon’s vice president of European retail, said: […]