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PwC: "We Just Need A Bit More Time To Push The GAME Deal Over The Line"

Author:
Matt Gardner
Category:
News
Tags:
Administration, GAME, GAME Group, High street, PwC, UK retail

PwC: "We Just Need A Bit More Time To Push The GAME Deal Over The Line"

GAME's administrators at PwC have said that the company needs to hold on just a little longer in order to finalise an acquisition deal. Rumours have been circling of the possibility of GameStop stepping in, and an RBS-led consortium have expressed interest. OpCapita reportedly already tabled an offer, but it was denied.

Either way, PwC are hopeful of landing a deal with one of the rumoured parties on the horizon.

"We just need a bit more time to push the deal over the line,” asserted PwC's Mike Jervis. "There is a huge amount of complexity in the Game situation, because of the technology involved and the extent of the overseas portfolio.

"Despite these challenges, we believe that there is room for a specialist game retailer in the territories in which it operates, including its biggest one - the UK. As a result we are hopeful that a going-concern sale of the business is achievable." [MCV]

 

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