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

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More importantly: FOPP LIVES!

HMV saved! Music shop lives to see another day but ditches gadgets
His Master's Voice talks on

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

Kate Solomon
News Editor (UK)

Former UK News Editor for TechRadar, it was 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 was constantly on the hunt for top news and intriguing stories to feed your gadget lust. Kate now enjoys life as a renowned music critic – her words can be found in the i Paper, Guardian, GQ, Metro, Evening Standard and Time Out, and she's also the author of 'Amy Winehouse', a biography of the soul star.