HMV has acquired Mama Group after receiving an adequate level of acceptance from the live music group’s shareholders.

Simon Fox, the chief executive of HMV, which entered into a joint venture with the Mama last year,  said: “I am delighted that our offer for Mama Group has been successful, and to welcome our new colleagues from Mama to HMV.

“The acquisition represents a further significant step for HMV as we continue the transformation of our business begun in 2007.

“Building on the successful platform created by the formation of our joint venture with MAMA just over a year ago, we will be embarking on exciting new growth plans for the Group in live music and ticketing.”