Game speaks on acquisition process

The financially troubled (or, should we say by now, ruined) Game Group has confirmed that a total of three parties are currently looking to acquire the company. We’d already heard of US retailer GameStop’s interest, but it would seem that OpCapita is another main contender.  The company is well-known for buying out UK electrical retailer Comet a few months back for just £2.

A statement posted on the company’s website reads: “The board of Game confirms that a third party has shown interest in providing additional funding for the company. The third party is seeking dialogue with the Group’s current lenders, however there is no certainty to the outcome.

“At the same time, the board remains in its own discussions with its current lenders and continues to conduct a review of its business and assets.

“It is uncertain whether any of the solutions currently being explored by the board will be successful or result in any value being attributed to the shares of the company.”

Many believe GAME could have a profitable five to 10 more years should it ride out this current situation. How could the retailer turn its fortunes around from here?