Thursday, January 1, 2015

TalkTalk Negotiating with Tesco on Blinkbox Acquisition



(Digital Marketing Agency, thesnsgroup.com)- Leading British broadband provider TalkTalk is reportedly holding talks with Tesco over the acquisition of loss-making video-streaming service Blinkbox, which was initially bought by the supermarket chain three years ago to offer Netflix-type movie, TV and music streaming.

The move comes as TalkTalk aims to boost its TV business, with the deal expected to be officially announced on January 8, when Tesco Chief Executive Dave Lewis is due to outline his strategy for reviving the fortunes of Britain's biggest grocer.

Vodafone had also looked at Blinkbox, which analysts say could be worth about 14 million pounds, according to previous reports.

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