Seattle-based Amazon (NASDAQ: [[ticker:AMZN]]) said today it has reached an agreement to acquire Lovefilm International, a European company that sends movies to customers through the mail and through streaming media. Amazon already has a minority ownership stake in the company, which operates in the U.K., Germany, Norway, Sweden, and Denmark. Terms of the acquisition weren’t disclosed. The deal is expected to be finalized before the end of March, Amazon said.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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