Share price goes into overdrive as Game Group is cleared to buy competitor

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The Independent Online

Game Group shares surged to their highest level this year, 228p at the close on Friday, after the Competition Commission provisionally cleared the video game retailer's purchase of rival Game Station.

Ahead of Tuesday's trading statement, analysts labelled the 74m deal as risky. But the Hampshire-based company is fighting to stay ahead of supermarkets, web retailers and independent stores.