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.