Goldman Sachs (a company our tax dollars helped keep going - you're welcome!) is the latest financial investment firm to buy stock in The GAME Group. The U.S.-based firm purchased 13,120,220 shares in the UK-based video game retail company March 12. Yesterday it was revealed that U.S. investment firm Blueshore Global had acquired an eight percent stake in the retailer. The buy-in by Goldman Sachs entitles the firm to 3.78 percent of its voting rights.
GAME Group shares were on the rise after the news surfaced, up 66.67 percent to 3.5p in early trading. Around 225 million GAME shares have been traded in the last 24 hours.