Universal Music, Warner Music and Sony among other media giants are keen to keep HMV afloat and are offering potential buyers for the beleaguered high street chain better deals on merchandise and attractive credit conditions. HMV has already attracted interest from close to 50 buyers, with the entertainment industry’s involvement no doubt helping to bolster that number.
Hilco, the company behind HMV’s Canadian presence is said to be the leading candidate, while the newly reinvigorated GAME is also interested in picking up some of HMV’s locations, itself having been bought out of administration last year. Private equity firms Endless and Better Capital are also mentioned as potential buyers, lending credence to HMV chief executive Trevor Moore’s statement of being “convinced” that the retail giant can be saved.
Source MSN Money
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