MCV has been informed that The Royal Bank of Scotland is expected to make an offer for GAME, rescuing the UK’s largest video game retailer from administration in the process.
Sources close to the negotiations are confident that a deal will be struck soon, potentially as early as tomorrow – Friday, 30th March. Last week, several reports stated that RBS were the favourites to acquire GAME ahead of GameStop or OpCapita and it now looks as though those predictions were correct.
Since entering into administration, the once powerful high street retailer has closed 277 stores resulting in 2,104 employees being made redundant which is 40% of the chains workforce. However there now appears to be some light at the end of the tunnel for GAME and its remaining employees who can breathe a sigh of relief as they look to help re-establish the company at the forefront of the video game retail industry.