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AO World: $13.3 Million musicMagpie Acquisition Deal

AO World is an electrical retailer founded in 2000 and headquartered in Bolton, England. It specializes in household appliances and electricals and operates in the United Kingdom (ao.com).

According to reports, AO has announced plans to acquire musicMagpie for $13.3 million USD to boost its mobile and consumer tech businesses and create new opportunities for growth. This acquisition will enable the company to broaden its customer offerings while simultaneously advancing its sustainability objectives.

MusicMagpie is a British-owned online retailer founded in 2007 and headquartered in Stockport and Macclesfield. It specializes in buying and selling refurbished electronics and second-hand computer games, consoles, books, and mobile phones.