Lᴜᴋᴇ Posted April 1, 2012 Report Share Posted April 1, 2012 According to the BBC, a bid to save GAME has been approved. 333 stores will remain open and 3,100 jobs will stay sage as part of a buyout by investment group Opcapita, which will be officially announced later today. According to the report the deal has been signed off by half a dozen banks, including the Royal Bank of Scotland, which is apparently owed £85m. GAME went into administration last week and as a result 277 stores were closed and over 2,000 staff axed by administrators Pricewaterhouse Coopers. Dr Richard Wilson, CEO of UK games industry body TIGA, said: "This is good news for GAME and for UK consumers. This deal should save many jobs and stores and will buy GAME breathing space during which it can develop a new business strategy. GAME has suffered from physical and online competition, the shift from physical to digital games, and the decision by big global publishers not to stock GAME with new releases." Luke Quote Link to comment Share on other sites More sharing options...
Mr Biggles Posted April 1, 2012 Report Share Posted April 1, 2012 Seems pretty decent. Quote Link to comment Share on other sites More sharing options...
Lᴜᴋᴇ Posted April 1, 2012 Author Report Share Posted April 1, 2012 Problem is that no matter how much money they pump into game they are still going to be outsold by companies like amazon. Quote Link to comment Share on other sites More sharing options...
DerpWithAGun Posted April 1, 2012 Report Share Posted April 1, 2012 I don't need GAME or EB, I have JB-Hi-Fi, the best store ever! Quote Link to comment Share on other sites More sharing options...
Lᴜᴋᴇ Posted April 1, 2012 Author Report Share Posted April 1, 2012 I don't need GAME or EB, I have JB-Hi-Fi, the best store ever! I have amazon. Quote Link to comment Share on other sites More sharing options...
Mr Biggles Posted April 1, 2012 Report Share Posted April 1, 2012 I have amazon. I have grainger games, you both lose. Quote Link to comment Share on other sites More sharing options...
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