BT Group not planning to make offer for MusicMagpie

(Sharecast News) - BT Group said on Monday that it is not planning to make an offer for MusicMagpie.

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.