Report: Royal Bank of Scotland Will Help Save GAME

March 29, 2012 -

Troubled UK video game retailer GAME is troubled no more, according to this MCV report. According to MCV, GAME is set to exit administration thanks to some white knight action on the part of a consortium led by the Royal Bank of Scotland. Citing sources "close to the negotiations," MCV contends that "a deal to save the retailer is incredibly close" to being finalized. If that happens, GAME could be out of administration as soon as March 30.

MCV also says that several sources have told them that RBS is working on the deal, and not other potential buyers such as GameStop or OpCapita. Despite the company slashing 2,104 jobs and closing 277 stores earlier in the month, GameStop (the company most expected to buy GAME) doesn't seem all that interested in buying the retailer.

We'll let you know more as this story develops.

Source: MCV


Comments

Re: Report: Royal Bank of Scotland Will Help Save GAME

Heh, it's like a bucket chain, we bail them out, they bail other people out.

Somehow you just know all the water is going to end up back in the boat ;)

Re: Report: Royal Bank of Scotland Will Help Save GAME

Troubled UK bank buys troubled UK retailer!

 
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