March 13 Asda, the British arm of U.S. retailer
Wal-Mart Stores Inc, is considering a bid for collapsed
music retailer HMV, the Telegraph reported.
Asda is interested in buying HMV's brand and business and is
not just looking to purchase former HMV stores to convert into
convenience food shops, the Telegraph reported, without saying
where it got the information.
Asda, Britain's second-biggest supermarket group, has held
talks with Deloitte, administrators to HMV, the Telegraph said.
Representatives for Asda and Deloitte could not be reached
for comment outside office hours.
HMV was forced to appoint Deloitte to find a buyer for all
or parts of the business in January, after succumbing to a
decline in CD, DVD and video game markets as well as increasing
competition from supermarkets and online rivals.