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Rumour: GAME to exit administration tomorrow with RBS buyout

News by Johnny Cullen Contributor
Published on

GAME will leave administration as early as tomorrow thanks to a buyout from an RBS-backed consortium, according to MCV.

If so, it would mean, at least partially, a state-owned specialist games retailer.

RBS emerged as a late frontrunner before the retailer was placed into administration on Monday morning, closing 277 stores and losing 2,104 jobs in the process, with the all of the chain's Republic of Ireland stores wiped out.

No new updates as regards to the sit-ins happening in the Republic of Ireland right now, although administrators PWC promised an update would drop yesterday.

Comet owner OpCapita and GameStop had also been rumoured for a takeover, with the former placing a bid before it formally entered administration, but was subsequently rejected.

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