UK's musicMagpie will keep seeking buyers as BT ends talks

FILE PHOTO: People walk past British Telecom (BT) headquarters in London, Britain, November 15, 2019. REUTERS/Simon Dawson/File Photo

(Reuters) -MusicMagpie said on Monday it will continue to seek buyers after telecoms group BT confirmed it will not make an offer for the British online retailer of used smartphones and electronic products.

Shares in musicMagpie fell 19% to a nearly three-month low of 16.35 pence, giving it a market value of just over 17.5 million pounds ($21.81 million).