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GAME to exit administration tomorrow?

MCV’s reporting that GAME will exit administration tomorrow, with a deal to save the retailer looking to be incredibly close.

Apparently the deal will be sealed by an RBS-led bank consortium and not GameStop or OpCapita.

Several reports from the national press last week suggested that RBS was the favourite to acquire GAME, though MCV remained sceptical owing to the complications presented by the idea of a majority public-owned retailer.

It seems that GameStop has failed to show the appetite for the troubled company, while RBS’ decision to outright reject OpCapita’s bid seems to have put their interest to bed. That just leaves the consortium lead by the nationally owned bank.

We are unsure if a new company would be formed or if things will continue as they are now, under the GAME group. At least those remaining in jobs will be safe should the company exit administration, and that can only be good news.

Edited On 29 Mar, 2012

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