British supermarket chain Tesco is reportedly reportedly working on its own-branded tablet computer, which will compete with the likes of the Nexus 7 and Amazon Kindle Fire. The news comes from UK-based newspaper The Sunday Times, which says the tablet will retail around the £100 mark -- significantly cheaper than most Android tablets -- and come with built-in support for Blinkbox, the streaming service acquired by Tesco in 2011.

Though not specifically mentioned in the report, the low retail price and streaming focus suggests that the tablet will likely run Android in some form or other.

The move could be seen as way for Tesco to claw back revenue lost through declining physical media sales, while also expanding into a potentially lucrative market. The supermarket's prominence in the UK would present it with ample opportunity to get its new tablet in front of shoppers.

Source: The Times (Paywall); via: The Independent; Thanks for the tip, John!