1st Oct 2014 05:50
LONDON (Alliance News) - The new chief executive of Tesco PLC has put its loss-making video-streaming business, Blinkbox, up for sale, The Times reported on Wednesday.
Dave Lewis is understood to be reviewing all options for the business, including closing it should it be unable to attract a buyer, the paper said.
Lewis is understood to have decided the business is a distraction is said to have informed senior Blinkbox staff about the decision when he visited the company's offices in London on Friday.
http://www.thetimes.co.uk/tto/business/industries/retailing/article4222904.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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