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ARTICLE · 23 MAY 2000

Boo.com Liquidators Report Continuing Negotiations

United KingdomMedia, Telecoms, IT, Entertainment

Boo.com provisional liquidator Mick McLoughlin of KPMG said today: "Negotiations with potential purchasers of Boo.com began over the weekend and are continuing throughout this week. We are looking towards making a decision on a possible sale of the business in whole or in parts within days. But there remains the possibility that a successful sale will not be achieved and the liquidation will continue to its conclusion.

"To protect the business' remaining funds, we have today had no option but to make some 220 redundancies among the company's 250 staff. We are aware that a number of agencies and outside parties are making job offers to many of those made redundant.

"We continue to receive extremely valuable co-operation from the remaining Boo.com staff who are assisting with the sale process."

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