AID Partners to sell stake in HMV to Japan's World Innovation Lab
AID Partners is set for a partial exit from HMV’s Asia business after agreeing to sell an 18.37% stake in the music and movie retailer to Japan-based World Innovation Lab for $9 million.
According to a filing, AID Partners will sell shares in HMV's Asia portfolio - which is operated under an entity of HMV Marketing - to WiL Fund I, an investment fund managed by World Innovation Lab. Upon...
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