Amazon acquires the European movie rental and streaming movie service LoveFilm. Think Netflix but for the UK. How much will this cost Amazon? Well the valuation for was around $312 million. Amazon already owned 42%of LoveFilm. The talks have been going on since last year. The deal should close in the first quarter of 2011.


By Rubens Saintel

Proud father, #Haitian, photographer, consultant, writer & entrepreneur. I love video games, movies, plays, technology (surprise), beta testing apps and all things sci-fi. | |