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REPORT: OpCapita Bids Again For GAME UK

Matt Gardner
Comet, GAME, High street, OpCapita, UK retail

REPORT: OpCapita Bids Again For GAME UK

According to a new report, Comet owner OpCapita has placed another bid for GAME’s UK operations, with GameStop apparently looking towards the purple retailer's stores on the continent.

A report run by The Independent stated that "the turnaround specialist OpCapita submitted another bid to acquire parts of the troubled video games retailer Game Group out of administration yesterday".

OpCapita's initial offer was rejected by the banks who formed GAME's lending consortium, prior to the company's slide into administration; the same consortium, led by RBS, whom it is rumoured will buy the company out of administration tomorrow.

"OpCapita is thought to be interested in acquiring the 333 Game stores that remain open," reads the report. "The separate bank-led rescue would see the lenders buy parts of the UK business and hire a management team to run it until Game could be sold.

"GameStop, the US giant, is thought to have bid to acquire Game's Iberian business and its operation in the Czech Republic. Game has 663 shops overseas."

The manoeuvring of the RBS-led syndicate, considering the timings of the OpCapita and their rejection at the first pass, could come under fire depending on the outcome at the end of this week.

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