 HMV has been struggling in the face of tough High Street trading |
Music retailer HMV Group is considering a revised �842m ($1.46bn) bid approach from private equity group Permira. HMV confirmed it had received a new proposal of 210 pence a share, 20p more than Permira's previous bid and higher than Thursday's closing price of 192p.
HMV rebuffed Permira's original offer in February as it undervalued the firm.
It added it was now considering the revised proposal, adding that "a further announcement would be made in due course".
However, HMV did add that "there can be no certainty that an offer will be made nor as to the terms on which any offer might be made".
The company - which also owns the bookseller chain Waterstone's - has been struggling recently amid tough conditions on the High Street.
HMV suffered a 2.7% fall in like-for-like sales during the key Christmas period, while it made profits of just �0.2m in the 26 weeks to 29 October - down from �10.5m last year.
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