From the BBC:
Quote:
HMV has agreed to sell its Waterstone's book chain to a fund controlled by Russian billionaire Alexander Mamut for £53m.
Mr Mamut already owns 6% of HMV, which has issued a string of profits warnings this year.
The sale to A&NN Capital Fund Management still needs shareholder approval, but HMV said the deal should be finalised by the end of June.
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For those unfamiliar with them, Waterstones are THE dominant chain of book shops in the UK, with a presence in almost every high street.
Full story at:
http://www.bbc.co.uk/news/business-13466179