Asda reportedly interested in buying entire HMV brand and business

[Administrator]

Huge UK supermarket chain Asda, owned by Walmart, is apparently considering a deal to buy HMV. And not just some stores: The Sun reported that Asda/Walmart was looking at taking on the entire HMV brand and business.
The Sun cited a source in the City and said a deal had to be struck within a fortnight, which is the deadline for a "huge" rent bill that HMV owes.
Owning HMV would, as The Sun pointed out, give Asda incredible power over entertainment suppliers who are keen to see HMV live on.
Read more…


More...