One Media makes offer for 1pc of Pink Floyd's back catalogue

Music rights investor One Media iP has submitted a £3.5m bid for a 1% stake in the back catalogue of Pink Floyd, it announced on Friday.

The AIM-traded firm said the offer followed Pink Floyd placing its entire back catalogue of music for sale, for an estimated £350m.

“There is no certainty that the company's offer will be considered or accepted by the vendors,” the board said in its short announcement.

At 1505 BST, shares in One Media iP Group were up 4.02% at 7.18p.

Reporting by Josh White at Sharecast.com.