FCA approves £10m acquisition of Musicmagpie by AO World Retail The UK’s financial watchdog has approved the acquisition of Musicmagpie by AO World for £10m. First announced in October, the deal will see the electrical retailer acquire Musicmagpie for 9.1p per share, a fraction of its market capitalisation at IPO in 2021. It floated with a share price of 193p. Bolton-headquartered AO sells white goods [...]
Electrical supplier AO World snaps up Musicmagpie in near-£10m deal Tech London-listed online retailer Musicmagpie will be snapped up by AO World as the electrical supplier looks to enhance its presence in consumer tech.
Revenue drops for Musicmagpie as it struggles in the competitive second-hand market RETAIL Musicmagpie has slashed costs to offset lower revenue.
Musicmagpie sees earnings boost from Black Friday and its ‘smart for the planet’ solution March 13, 2024 Musicmagpie has reported a boost to annual earnings after the second-hand smartphone seller experienced a "record" Black Friday last November.