HMV lives! Music shop saved by plan to bail out of gadgets

More importantly: FOPP LIVES!

HMV has been bought by a restructuring specialist Hilco, which reportedly stumped up £50 million for the company.

No word if all 132 HMV shops will stay open yet but the deal does include purchase of the excellent Fopp stores, which we really hope will stick around. Potentially, Hilco has saved 2,500 jobs with the acquisition.

It's good news for music, games and films, but not so good for tablets and gadgets as a Hilco exec has confirmed that HMV won't be selling the electricals any more - instead it's making way for "an enhanced music and visual range".

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From BBC


News Editor (UK)

It's a perpetual challenge among the TechRadar staff to send Kate (Twitter, Google+) a link to something interesting on the internet that she hasn't already seen. As TechRadar's News Editor (UK), she's constantly on the hunt for top news and intriguing stories to feed your gadget lust. And having been immersed in the world of tech and tech rumours for more than six years, she can spot a photoshopped iPhone 8 image from 20 paces.