NEW YORK (
acquired what is known as the "
The e-commerce giant bought out the remaining shares of
, a DVD-by-mail company, for $320 million. Amazon already owned 42% of LoveFilm.
Netflix has yet to venture to Europe, embarking on its first international expansion in the fall with its move into Canada.
-- Written by Jeanine Poggi in New York.
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to: