GAME Saved
Someone has stepped in to save GAME at the last minute…
As rumoured OpCapita has purchased GAME Group, including all UK assets and the remaining 333 GAME and Gamestation stores. The administrator has confirmed that GAME is now out of administration and has “the capital it needs to trade on a normalised basis”. They are now looking to re-hire some of the head office staff made redundant last week, and also have “no plans” for further store closures.
The exact details of the financial transaction haven’t been revealed but Eurogamer are reporting that GAME group may of been purchased for £1, after the £85million worth of debt was written off by Royal Bank of Scotland.
It remains to be seen just how badly damaged relationships have been with suppliers over the last few weeks, and whether they will all begin trading with GAME again.