Game Saved New CEO Named

After entering administration last week a deal has been brokered which could save the struggling GAME brand.

A deal has been officially reached with investment firm OpCapita. OpCapita reportedly had to amended their original bid after it was declined. It is believedthat the deal is similar to a previous deal they made for electronics store Comet where they paid £2 to acquire the brand.

OpCapita have only purchased sections that are based within the UK leaving the overseas side of the business for another suitor.

It has also been announced that Martyn Gibbs former managing  director of GameStation( a competitor that the Game Group purchased in 2007) will take the helm of the group.

This news means that for the moment all of GAME’s remaining 333 stores and 2,800+ staff will will stay, however none of the closed stores will be reopened

Source: DigitalSpy

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