BT Group not planning to make offer for MusicMagpie
MusicMagpie
8.80p
13:50 22/11/24
-0.56%
-0.05p
BT Group said on Monday that it is not planning to make an offer for MusicMagpie.
BT Group
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15:45 22/11/24
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15:39 22/11/24
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MusicMagpie announced last week that it was in early-stage talks with both BT Group and private equity firm Aurelius Group about a possible bid for the company.
MusicMagpie sells second-hand phones and other tech.
Under takeover rules, BT and Aurelius had until 18 December to either announce a firm intention to make an offer or walk away.
At 1350 GMT, MusicMagpie shares were down 10.1% at 17.75p.