Sports Direct's Mike Ashley Discussing Rescue Bid for HMV: Sky

(Bloomberg) -- Sports Direct CEO Mike Ashley has met leading figures from the music industry to discuss a rescue bid for HMV, Sky News reported, citing sources.

  • Ashley was one of a handful of parties to lodge formal offers with KPMG ahead of Jan. 15 deadline; unclear if bid was made through Sports Direct or another corporate vehicle
  • Value of the offers for HMV was unclear, Sky said
  • KPMG declined to comment on the identity of HMV bidders, Sky said; Sports Direct could not be reached for comment
  • NOTE: KPMG said on Jan. 16 that a “number of offers” had been received and that it would be evaluating them over the coming days

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