Supermarket salvation? According to a report in The Sun (yes, OK) ASDA is looking at a take-over deal to save HMV. The supermarket chain has been in discussions with HMV's administrators, Deloitte about putting together a bid for the brand. The same report says that Asda could be in a head to head battle with Hilco, a company built on its restructuring know-how. Despite the beleaguered state of the business, HMV still employs around 2,400 staff in its remaining 120 stores but a deal needs to be concluded within the next two weeks when HMV will be presented with a huge rent bill. A City source speaking to the Sun said: Asda has been looking at HMV and its not about taking on a few stores to convert into supermarkets. Theyve been looking at taking on the brand the business. Both Asda and Deloitte refused to comment.