Bidders ready to make play for struggling Game
Monday 26 March 2012
Bidders are circling stricken Game Group, which is due to go into administration today. A consortium of existing lenders led by state-backed Royal Bank of Scotland is among three potential bidders for the chain, which has 610 UK shops.
It is also thought that American rival Gamestop is eyeing its UK and Spanish business. PwC, the administrator, is likely to announce the closure of loss-making stores which will lead to job losses among the 6,000-strong workforce. Any bids will be for parts of the business, ruling out the rescue of the entire company. Game was hit when suppliers raised concerns over its creditworthiness and refused to ship games including Capcom's Street Fighter X Tekken.
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