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 email@example.com
To contact the editor responsible for this story: Dick Schumacher in London at firstname.lastname@example.org