MusicMagpie – bid approaches or an admission of debt crisis?
By Tom Winnifrith | Monday 20 November 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Someone, guess who, leaked to the Daily Telegraph that musicMagpie (MMAG) was in bid talks so forcing a statement from the debt laden company. It states that it is in “early-stage discussions with both BT Group plc and Aurelius Group as to a possible offer to acquire the entire issued and to be issued share capital of musicMagpie.” So what is really happening?
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