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Quickflix acquires online DVD rental company

Perth-based online home entertainment company Quickflix Limited has acquired 100 per cent of the shares in online DVD rental competitor Homescreen.
The terms of the purchase remain confidential with completion of the acquisition expected to occur prior to Christmas.
Quickflix co-founder and CEO Stephen Langsford said the deal would double the size of Quickflix's subscriber base from 4000 to 8000 and further strengthen its position in the Australian online home entertainment and DVD rental market.

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19/12/14
$5k Issued
19/12/14
$13k Issued
19/12/14
$29k Issued
Total value as at the date of the transaction
Source: Morningstar

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