Amazon 'set to make Lovefilm buyout offer'

Internet retail giant Amazon is circling movie rental service Lovefilm in a deal that could value it at nearly £200m (€233m), it was reported today.

The books-to-electronic-goods retailer is understood to be carrying out due diligence on the business that is expected to lead to a buyout offer being made during the next few months, according to the Sunday Times newspaper.