UK - Balderton-backed LOVEFiLM acquires Amazon Europe DVD rental business

LOVEFiLM International Ltd, a DVD rental business backed by Index Ventures, Balderton Capital and DFJ Esprit, is to acquire Amazon Europe's DVD rental business in the UK and Germany. As part of this transaction, Amazon Europe will also make a cash investment and become the largest shareholder in LOVEFiLM International Ltd, and finally, the two companies will enter into a multi-year marketing agreement in which Amazon Europe will promote LOVEFiLM’s services on its sites for UK and German customers.Completion of the deal is subject to regulatory approval in the UK and Germany.