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AO Ltd, a subsidiary of AO World PLC, to acquire musicMagpie PLC

PRIVATEDec 11, 2024

Acquiring Company

AO World

Acquired Company

musicMagpie PLC

LondonE Commerce

Description

AO Ltd, a subsidiary of AO World PLC, is set to acquire musicMagpie PLC, a re-commerce company specializing in refurbished consumer technology. The acquisition follows the sanctioning of a scheme of arrangement by the Court on December 10, 2024, under Part 26 of the Companies Act. This strategic move is subject to the terms outlined in the Scheme Document, and further announcements will be made once the acquisition is finalized.

Quick answer

AO World is acquiring musicMagpie PLC, announced December 11, 2024.

How much did AO World pay for musicMagpie PLC?
The deal value was not disclosed.
What does AO World do?
AO World is an online electrical retailer that specializes in the sale of large and small appliances.
Where are AO World and musicMagpie PLC based?
musicMagpie PLC is based in London, England, United Kingdom.
Who are the decision-makers at AO World?
Fundz holds 2 contacts at AO World. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

AO World

About

AO World is an online electrical retailer that specializes in the sale of large and small appliances. Founded in 2000, it offers a wide range of products including white goods, mobile phones, and televisions. The company aims to expand its offerings into adjacent categories of electricals. AO is committed to enhancing customer experiences and increasing market share.

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Frequently asked

Who acquired musicMagpie PLC?

musicMagpie PLC was acquired by AO World. The deal was reported on December 11, 2024. AO World is an online electrical retailer that specializes in the sale of large and small appliances. Founded in 2000, it offers a wide range of products including white goods, mobile phones, and televisions. AO World is privately held.

When did AO World acquire musicMagpie PLC?

AO World's acquisition of musicMagpie PLC was reported on December 11, 2024. AO Ltd, a subsidiary of AO World PLC, is set to acquire musicMagpie PLC, a re-commerce company specializing in refurbished consumer technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does musicMagpie PLC do?

musicMagpie PLC is a re-commerce company specializing in refurbished consumer technology. It is known for its focus on sustainable consumer electronics and providing refurbished gadgets to its customers. It is privately held, operating in E Commerce, and is based in London.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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