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HMV Buys 50% of Music Retailer 7digital for $12.6 Million

Authored by Mark Hefflinger on September 3, 2009 - 6:56am.
London - U.K. media retail store chain HMV Group announced on Thursday that it is acquiring a 50% stake in digital music distributor 7digital for $12.6 million. HMV said that 7digital will now power all of its existing digital operations in the U.K. and Canada, as well as e-book sales for its Waterstone's subsidiary.
tags: Deals | Music | Retail | E-Books | Publishing | 7%% | HMV | Investments | Waterstone's |