The private equity firm, Hilco, has bought up the debt of HMV, the music chain that collapsed last week.
This gives the administrators and Hilco some valuable breathing space to work out how much of the business can be saved. More than 4,000 jobs are still at risk as the chain's future remains uncertain.
Hilco, bought HMV Canada in 2011, for just £2 million last year. Buying up HMV UK's debt effectively gives them control of what happens next.
Following outrage from customers, the administrators running HMV have announced they will honour gift vouchers for the high-street chain.
HMV is not honouring its gift vouchers, leading to an uncertainty that is threatening to change the way Britain gives its gifts.
The boss of HMV said he is confident a solution can be found to keep the brand on the High Street. In what form, however, is less clear.