Aerulius on possible offer for sale

Musicmagpie

20/11/2023 08:00

(Adds company background in paragraphs 2 and 3)
       Nov 20 (Reuters) - musicMagpie  MMAG.L  said on Monday
it was in early-stage talks with BT Group  BT.L  and Aurelius
Group regarding a possible offer to buy the British online
retailer of used smartphones and electronic products.
    The seller of second-hand DVDs and computer games said
discussions on a possible offer were ongoing and remained at a
"very early stage".
        The Stockport-headquartered company was founded by CEO
Steve Oliver and Walter Gleeson in 2007 and got listed on the
London Stock Exchange four year later.
  
        As of Friday's close, musicMagpie had a market
capitalisation of a little over 20 million pounds ($24.9
million).
  
        
  
($1 = 0.8025 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Nivedita Bhattacharjee and Dhanya Ann Thoppil)
 ((abyjose.koilparambil@thomsonreuters.com))