musicMagpie plc

MMAG

GB00BKY4XG48

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Market Closed - London S.E. Other stock markets 11:35:14 2024-04-29 am EDT			5-day change	1st Jan Change
6.25 ^GBX	-10.71%		-3.85%	-43.18%

Mar. 13	MusicMagpie annual revenue falls; starts new financial year in line	AN
Mar. 13	Earnings Flash (MMAG.L) MUSICMAGPIE Reports FY23 Revenue GBP136.6M	MT

BT and Aurelius in talks to buy used-tech seller musicMagpie

November 20, 2023 at 04:33 am EST

musicMagpie PLC - Stockport, England-based used-technology reseller - Confirms it is in "early stage discussions" with telecommunications provider BT Group PLC and asset manager Aurelius Group for the pair to make a takeover offer for musicMagpie. Talks are "ongoing and remain at a very early stage", musicMagpie says. There is no certainty that an offer will be made, it says, but BT and Aurelius have a deadline of December 18 to announce a firm intention to make an offer or walk away.

Current stock price: 26.00 pence, up 39% in London on Monday morning for a GBP28.0 million market capitalisation

12-month change: up 11%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BT GROUP PLC	104.5 GBX	-0.48%	-3.37%	12.76B
	MUSICMAGPIE PLC	6.25 GBX	-10.71%	-3.85%	8.6M

Latest news about musicMagpie plc

MusicMagpie annual revenue falls; starts new financial year in line	Mar. 13	AN
Earnings Flash (MMAG.L) MUSICMAGPIE Reports FY23 Revenue GBP136.6M	Mar. 13	MT
Earnings Flash (MMAG.L) MUSICMAGPIE Reports FY23 Loss GBX-6.80	Mar. 13	MT
MusicMagpie plc Reports Earnings Results for the Full Year Ended November 30, 2023	Mar. 13	CI
FTSE 100 jumps on US rate cut euphoria	Dec. 14	AN
MusicMagpie says record Black Friday helps offset softer first half	Dec. 14	AN
AIM WINNERS & LOSERS: musicMagpie jumps on "record" Black Friday	Dec. 14	AN
MusicMagpie plc Provides Earnings Guidance for the Full Year Ended 30 November 2023	Dec. 14	CI
Alison Littley Steps Down from Her Role as Non-Executive Director At musicMagpie plc	Dec. 01	CI
MusicMagpie Still Looking for Buyer as BT, Aurelius Withdraw	Nov. 28	CI
BT Withdraws from Takeover Talks with Used Mobile Phone Retailer musicMagpie	Nov. 28	CI
Downbeat China data hurts exposed FTSE 100 stocks	Nov. 27	AN
Electronics Retailer musicMagpie Tumbles as BT Walks Away from Potential Bid	Nov. 27	MT
BT, Aurelius don't intend takeover offer for musicMagpie	Nov. 27	AN
BT says not intending takeover offer for musicMagpie	Nov. 27	AN
BT ends buyout talks with second-hand electronics retailer musicMagpie	Nov. 27	RE
FTSE 100 Closes Down 0.11% As Investors Eye Autumn Statement	Nov. 20	DJ
Europe mixed before Fed minutes; Bayer plunges	Nov. 20	AN
AIM WINNERS & LOSERS: Oriole inks earn-in deals; Velocys sinks	Nov. 20	AN
FTSE 100 starts week on glum note as Ashtead tanks on disappointing profit outlook	Nov. 20	RE
Ashtead weighs on the FTSE 100	Nov. 20
BT and Aurelius in talks to buy used-tech seller musicMagpie	Nov. 20	AN
MusicMagpie in Early-stage Talks Over Potential Acquisition by BT Group, Aurelius; Stock Jumps	Nov. 20	MT
Ashtead tumbles on guidance cut; Diploma rises	Nov. 20	AN
FTSE 100 starts week on glum note as Ashtead sinks on weak outlook	Nov. 20	RE

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Company Profile

musicMagpie plc is engaged in the re-commerce business in the United Kingdom and the United States in the circular economy of consumer technology, books, and disc media. The Companyâs segments include Technology, and Media and Books. The Technology segment includes smartphones, tablets, consoles, personal computers, wearables, and others. The Media and Books segment includes CDs, DVDs, Blu-rays, and video games, as well as hardback and paperback books. Operating through its two brands, musicMagpie in the United Kingdom and Decluttr in the United States, the Companyâs core business is to provide its customers with the ability to buy, rent and sell refurbished consumer technology and physical media products. The Company sells its products through its own online stores, musicMagpie.co.uk and Decluttr.com and their mobile application, and through third-party online channels, principally eBay, Amazon, and Back Market, with the addition of Walmart.com in the United States.

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Other Specialty Retailers

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2024-05-22 - Annual General Meeting

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Sector Other Miscellaneous Specialty Retailers

	1st Jan change	Capi.
MUSICMAGPIE PLC	-43.18%	8.6M
TRACTOR SUPPLY COMPANY	+28.08%	29.56B
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JUMBO S.A.	+16.32%	4.17B
GRUPO GIGANTE, S. A. B. DE C. V.	+4.23%	1.85B
UPBOUND GROUP, INC.	-6.33%	1.77B
WINMARK CORPORATION	-13.85%	1.26B
SALLY BEAUTY HOLDINGS, INC.	-18.07%	1.15B
LESLIE'S, INC.	-42.47%	736M

Other Miscellaneous Specialty Retailers

musicMagpie plc

Equities

MMAG

GB00BKY4XG48

Other Specialty Retailers

BT and Aurelius in talks to buy used-tech seller musicMagpie

Stocks mentioned in the article

Latest news about musicMagpie plc

Chart musicMagpie plc

Company Profile

Income Statement Evolution

Annual profits - Rate of surprise

Sector Other Miscellaneous Specialty Retailers