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

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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About the Author

Johnny Cullen

Contributor

Johnny has experience at a wide range of games media outlets, having written for Eurogamer, Play Magazine, PC Gamer, GameDaily, and more. He worked at VG247 pumping out news at an astonishing rate for several years. More recently, he founded the games website PlayDiaries.
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