Wal-Mart's (WMT) U.K. unit Asda is in reportedly talks about making a possible bid for music...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart's (WMT) U.K. unit Asda is in reportedly talks about making a possible bid for music retailer HMV, which entered administration - analogous to Chapter 11 in the U.S. - in January with debts of £170M. The loans are held by restructuring specialist Hilco, putting it in pole position to buy HMV.