Lovefilm Possible Sale or Float
According to the Times, UK DVD rental market leader lovefilm is considering a sale or a 100 million pounds stock market floatation.Potential buyers are reportedly Apax, the private equity house, DLJ Merchant Banking Partners, the investment arm of Credit Suisse, and Virgin Media. A stock market float could be up to year away though, according to sources.
The value of company stems from the nearly 500,000 subscribers it has amassed in just four years of operation. It generates more than five million postal transactions each month. In 2005, revenues from the combined Lovefilm / Screenselect group were 25 million pounds, though they have expanded considerably since then.
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