And now we will own HMV too.

  canarieslover 13:25 07 Jun 2011
Locked
Answered

With downloads taking a large proportion of their business do we really want to own them? HMV

  Strawballs 13:38 07 Jun 2011
Answer

It's not a forgone conclusion, it will only happen if they do not raise the money for their bridging loan by next march.

  interzone55 14:15 07 Jun 2011

So if HMV fail to pay back loans Lloyds & RBS take a 5% stake in the company.

Not sure how Sky News reckon that means the company now belongs to the Tax Payer...

  zzzz999 06:48 08 Jun 2011

Given the tax payer owns a high proportion of the shareholding of both banks, SKY have then used that to make the eye catching headline. Had the headline been 'HMV in convertible loan agreement with bankers' would anyone have noticed?

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