BT Group not planning to make offer for MusicMagpie
![musicMagpie | Sharecast graphic / Josh White dl musicmagpie music magpie online secondhand selling buying electronics music albums logo](https://img.s3wfg.com/web/img/images_uploaded/c/b/dl-musicmagpie-music-magpie-online-secondhand-selling-buying-electronics-music-albums-logo_620x350.jpg)
MusicMagpie
6.17p
16:30 26/07/24
-1.33%
-0.08p
BT Group said on Monday that it is not planning to make an offer for MusicMagpie.
BT Group
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16:40 26/07/24
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MusicMagpie announced last week that it was in early-stage talks with both BT Group and private equity firm Aurelius Group about a possible bid for the company.
MusicMagpie sells second-hand phones and other tech.
Under takeover rules, BT and Aurelius had until 18 December to either announce a firm intention to make an offer or walk away.
At 1350 GMT, MusicMagpie shares were down 10.1% at 17.75p.