ASDA Lining up Last Minute HMV Rescue Bid?

By Gary Cutlack on at

Green-topped supermarket chain ASDA may be about to salvage pink-topped physical media dinosaur HMV, with the retail giant said to be offering to buy the remaining HMV stores from the administrator -- and keep some of them going.

According to The Sun, ASDA may be considering launching a battle with restructuring consortium Hilco for control of the HMV brand and stores, with Hilco already believed to be in charge of HMV's existing debt pile. The Sun claims ASDA is even considering taking on "the business" itself ad keeping HMV alive, rather than simply buying the name and using it to help shift Blu-rays inside supermarkets. [The Sun via MCV]