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There are 10 days left to save GAME

Ben Parfitt
There are 10 days left to save GAME

MCV understands that staff within GAME’s Basingstoke headquarters believe the firm will fall into administration on March 24th unless a buyer is found.

That is a day before GAME’s quarterly rent day of March 25th on which GAME will be required to pay the leases for many of its stores.

That gives the retailer’s many suitors just ten days to finalise a deal.

Amongst the known and rumoured contenders is retail salvage firm Hilco and Comet-owners OpCapita, whom are believed to be interested in the international stores and UK stores respectively.

MCV today reported that investment firm Blueshore Global Equity has acquired an eight per cent stake in the chain.

And just moments ago MCV revealed that American retail giant Walmart has emerged as a candidate for acquisition.

Don’t forget GameStop, either. It’s easy to forget amongst the growing noise that the US games retailer still remains the front-runner for acquisition, with MCV understanding from a source at the retailer that it will make some sort of official announcement “soon”.

When contacted by MCV a GAME spokesperson said that the company does not comment on rumour or speculation.

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Tags: GAME , deadline , acquisition , administration , buyer , rent

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