musicMagpie said it was in early-stage talks with BT Group and Aurelius Group regarding a possible offer to buy the British online retailer of used smartphones and electronic products.
The seller of second-hand DVDs and computer games said discussions on a possible offer were ongoing and remained at a “very early stage”.
The Stockport-headquartered company was founded by CEO Steve Oliver and Walter Gleeson in 2007 and got listed on the London Stock Exchange four year later.
As of Friday’s close, musicMagpie had a market capitalisation of a little over 20 million pounds ($24.9 million).
Source: Reuters.com