NEW YORK ( TheStreet) -- Amazon ( AMZN) acquired what is known as the " Netflix ( NFLX) of Europe." The e-commerce giant bought out the remaining shares of LoveFilm, 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: Jeanine Poggi. >To follow the writer on Twitter, go to http://twitter.com/jpoggi. >To submit a news tip, send an email to: email@example.com.