26 May 2000

Earlier this morning [26-May-00] KPMG, the liquidator at failed fashion e-tailer boo.com, said it is close to securing a buyer for the business. Final talks are being held with several prospective buyers, says KPMG, and an announcement may be made later today.

Said a KPMG spoke: "The number of prospective buyers has reduced from the half dozen or so in the early part of this week, but, because they are entering a fairly sensitive phase, we cannot say how many buyers are still in the frame. We are confident of selling but at this stage we can't say whether it will be in one go or whether the company will be broken up."

News source: BBC Online Business News (UK)