O2 owner AEG in running to buy HMV Live for £65m
The owner of the O2 arena in London's Docklands is bidding to acquire the live music business of HMV, the struggling entertainment group, for about £65m.
AEG, the music and sporting company controlled by Philip Anschutz, one of America's richest men, is among a handful of suitors through to the second round of bids for HMV Live due next month.
HMV put its live business, of 13 music venues and five festivals, up for sale in December to help reduce its debts of up to £180m.
AEG, which acquired the Millennium Dome in 2005, Academy Music Group, the venue operator, and Oakley Capital, the private equity firm behind Time Out magazine, were among suitors that submitted first-round bids for HMV Live by 2 March. It is unclear if Academy Music and Oakley Capital are through to the second round. All parties declined to comment.
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...