Tesco Buys 80% Of Blinkbox

British supermarket group Tesco has acquired a majority stake in UK-based video-on-demand company Blinkbox, Reuters reported. Tesco acquired the 80% stake from private equity firms Eden Ventures and Nordic Venture Partners for an undisclosed sum. No terms of the deal were released. Blinkbox is a movie-streaming service that has built up a catalogue of over 9,000 Hollywood films, as well as television series, Reuters reported.

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