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Deals that shook the industry: 8/10
GAME buys Gamestation
Jul 25 2008
DATE: May, 2007 COST: £74m
The total investment included £300,000 set aside for new stores, and an assumed working capital figure of £7.5 million.
The financial statement revealed that Gamestation’s gross assets totalled a whopping £60.9 million.
WHAT HAPPENED NEXT?
The acquisition was investigated by the Office of Fair Trading, but eventually cleared, which heralded a period of boom for GAME – including recent record full-year financial results.
Click here for deal 9/10
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