Asda 'may bid for HMV'

Asda 'may bid for HMV'

Asda may launch a bid to take control of collapsed music chain HMV, according to reports.

Restructuring specialist Hilco bought HMV's debt and so has looked most likely to acquire the retailer, but Asda could launch a late bid.

The supermarket is said to have held talks with Deloitte, the administrators of HMV, about a deal to buy the brand and business.

The chain fell into administration in January after struggling to compete against online retailers, digital downloads and supermarkets for sales.