Report: Comet owner makes GAME bid, share prices go up

By Johnny Cullen
14 March 2012 16:31 GMT

The Times (via MCV) is reporting that Comet owner OpCapita has tabled an offer to take over GAME.

The newspaper’s online outlet claims that OpCapita has offered to buy out all of GAME’s lenders, as well as repay all of its suppliers.

Since the news went live, shares in GAME are up by over 82% to 2.10p a share.

If true, this has been the best bit of news that has come out on the retailer since its troubles began back in February.

It was reported earlier the chain had just ten days to survive before it went out of administration, but with other interest from US retailer Walmart.

GAME has been unable to stock some of the massive releases for the past month and this month, such as Mass Effect 3, The Last Story, Resident Evil: Operation Raccoon City and others, just a few to name among a dozen.

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