Warner Music, Sony, Exponent May Buy HMV Unit, Telegraph Says

Warner Music Group Corp., Sony Corp. (6758) and private-equity firm Exponent are among potential buyers of HMV Group Plc (HMV)’s HMV Live unit, the Sunday Telegraph reported, without saying how it obtained the information.

The sale may generate about 70 million pounds ($108 million), the newspaper said. HMV may report tomorrow an 8 percent drop in same-store sales during the Christmas period from a year earlier, it said.

To contact the reporter on this story: Makiko Kitamura in London at mkitamura1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher in London at dschumacher@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.