MusicMagpie will be sold to AO for £10 million

AO is to buy musicMagpie £10 million. The deal is structured as a “scheme of arrangement” and is expected to be finalised pending court approval. Around 54 per cent of MusicMagpie shareholders, including key institutions, have shown support for the acquisition. A scheme of arrangementis a legal process used in corporate transactions, including mergers, takeovers,

BT and musicMagpie takeover talks hit the rocks.

Takeover talks between music Magpie and BT and Aurelius Investment have ended. A statement from music Magpie confirmed that acquisitive talks by BT and Aurelius investment had halted. “The Board of musicMagpie notes the announcement on 24 November 2023 from Aurelius Investment Advisory Ltd on behalf of investment entities managed or advised by it or