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March 14, 2007
Lovefilm Looking For A Buyer Or IPO
Lovefilm, the UK DVD rental startup, which recently announced a move to add movie downloads, has appointed Goldman Sachs to find a buyer or prepare for what its backers hope could be a £100M floatation, says The Times Online.
Potential acquirers named are Apax, DLJ Merchant Banking Partners, ITV and Virgin Media.
A flotation could value the business at £100 million in a year’s time, according to an unnamed company adviser.
Lovefilm is backed by, Arts Alliance, along with Index Ventures, Esprit Capital Partners, and Benchmark, through their investment in Video Island/Screenselect, another startup folded into this one.
Read - Online DVD rental firm ponders £100m flotation (the times)
Posted on March 14, 2007 08:38 AM | Posted to News And Updates | Permalink
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