GAME to enter administration, fails to find buyer

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As expected, retailer GAME will this morning enter administration.

Furthermore, Sky News presenter Joel Hills has claimed via Twitter that no buyer has been found for the chain.

The news sadly points to a store closure programme, with staff likely to be told today of which branches are to close and roughly how many jobs will be lost.

The process of attempting to find a buyer will continue as GAME downsizes, with hopes remaining that a potential suitor such as GameStop will move to acquire the downsized retailer.

MCV will report all news as and when we can confirm it. Expect developments to continue throughout the day.