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Deals that shook the industry: 8/10

by Tim Ingham
Friday, July 25th 2008 at 3:13PM BST

The £74 million acquisition of the second biggest specialist retailer in the UK by the biggest was a mighty shock for the entire British industry – not least the MCV team, who had to deal with the breaking news on our magazine’s deadline day.

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.