According to the Telegraph a deal has been completed for
OpCapita to take over Game in the UK, with the price they have paid rumoured to
be £1, although the real financial cost for OpCapita is Games £85m debt.
This is good news for the 3,200 or so employees still
working in Games remaining 333 stores across the UK and Ireland as their jobs
are now relatively safe, at least for the time being.
Opcapita's managing partner said of the takeover
" We are pleased to have reached agreement with the administrator, We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a £2.8bn market in the UK"
Ian Shepard former chief executive of Game spoke out about
his disappointment of the position Game now finds themselves in and claims he,
along with the rest of management did all they could.
"I have fought, and all of the management team here have fought with every ounce of energy to avoid arriving at this point"
It should be noted however that Games oversees assets are still up for sale
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