Vodafone in Talks to Buy Video Streaming Service Blinkbox
Ashley Allen / 3 years ago
Struggling video on-demand platform Blinkbox, owned by Tesco, is set to be snapped up by the ambitious Vodafone mobile network, according to The Telegraph newspaper. Vodaphone are said to have made such a forceful move that other competitors have withdrawn their bids.
Tesco is desperate to sell the struggling video service. Earlier this year, Tesco’s accounts revealed that Blinkbox had lost the company £18.5 million.
Last week, it was revealed that Vodafone is strongly considering buying Liberty Global, owner of Virgin Media, the UK broadband, TV, and phone provider. The further purchase of Blinkbox would provide Vodafone with a significant boost in content for its streaming and pay-TV services, launching next year.