LoveFilm set to cash in on sale
LOVEFILM, the online DVD rental company which has had storming growth thanks to titles such as Slumdog Millionaire, is understood to be considering a stock exchange listing which could provide a £14m windfall for the company’s management.
Chief executive Simon Calver has hired investment bank Jefferies to assess strategic options, with a possible sale of the business fetching as much as £200m. Internet retailer Amazon is a 32 per cent shareholder in the firm, after selling its European operations to Lovefilm, making it the market leader.