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HMV Buying Half Of Digital Music Retailer 7Digital For $12.6 Million

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Entertainment retailer HMV (LSE: HMV) is buying a 50 percent stake in the increasingly well-thought-of UK online music retailer 7Digital for £7.7 million ($12.6 million), in a move that will finally kickstart its digital ambitions.

The deal means HMV Group will use 7Digital as its sole supplier for what it says will be