views

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 &pound;14m windfall for the company&rsquo;s management.<br /><br />Chief executive Simon Calver has hired investment bank Jefferies to assess strategic options, with a possible sale of the business fetching as much as &pound;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.