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PwC "just needs a bit more time to push GAME deal over the line"

Ben Parfitt
PwC

Administrator PwC has said that GAME just needs to hold on for a short time longer so it can finalise an acquisition deal.

“We just need a bit more time to push the deal over the line,” PwC’s Mike Jervis stated. “There is a huge amount of complexity in the Game situation, because of the technology involved and the extent of the overseas portfolio.

"Despite these challenges, we believe that there is room for a specialist game retailer in the territories in which it operates, including its biggest one - the UK. As a result we are hopeful that a going-concern sale of the business is achievable.”

Beyond that, it remains a guessing game as to which of the rumoured parties may emerge as an eventual buyer.

The Telegraph is under the impression that a third party buyer such as GameStop or the already once-shunned OpCapita remain PwC’s ‘Plan A’, with the RBS-led consortium being treated as a back-up plan.

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Tags: GAME , deal , time , administration , buyer , PwC

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