GAME: Potential buyer may wait until administration before making offer, says analyst

By Johnny Cullen
12 March 2012 13:45 GMT

A potential offer on GAME may come after its gone into administration, a UK analyst has told the BBC.

“We suspect that any potential suitor would prefer to wait for a formal administration process,” said Singer Capital Markets Mark Photiades.

“Through a pre-pack, the suitor would have much greater flexibility around store liabilities.”

It was reported this morning the retailer had put itself up for sale, confirming that it was looking at its UK and international assets. Share prices were at 0.5p, but have since rallied back a little, according to GI International.

Senior GAME staff were told last week to prepare for administration, with The Times reporting yesterday it had two weeks to pay rent

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. Read our policy.

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 merch