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HMV in possible Luminar deal

Music and book retailer HMV is believed to be in advanced talks with Luminar over a deal analysts believe could lead to a takeover of the nightclub operator. Analysts compared the idea to HMV’s tie-up with live music business Mama Group. HMV set up a joint venture encompassing Mama’s 11 late-night venues and last month it made a recommended £46m bid for the whole group.