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Report: OpCapita Buys Game For £1

A pound.

The story rumbles on, with the latest being that OpCapita have bought GAME, with a formal announcement expected tomorrow.

The BBC reports that the deal will save the still open stores and – hopefully – the associated jobs. That means that 333 branches will remain open, and over 3,000 employees.

RBS, along with five other banks, are owed £85m between them. The group have apparently approved the OpCapita takeover.

The Telegraph says that OpCapita paid £1.

Read more: #
30 Comments
  1. BoyDay
    Member
    Since: Oct 2008

    Aww, you could have used my “New GAME+” as the sub-heading ;o)

    Comment posted on 31/03/2012 at 23:54.
    • BoyDay
      Member
      Since: Oct 2008

      Also, I have £2.50 on my reward card; GAME sent me an e-mail this morning saying that reward card points are only good for pre-owned, so I could have bought the company!

      Comment posted on 31/03/2012 at 23:54.
      • teflon
        Community Team
        Since: May 2009

        I can think of better ways to acquire £85 million of debt… ;)

        Comment posted on 01/04/2012 at 00:14.
      • Burgess_101
        Member
        Since: May 2009

        Is it 85 Million? Wow I cant see them making any sort of return on that investment to be honest.

        Comment posted on 01/04/2012 at 00:20.
      • phantom5813
        Member
        Since: Jul 2009

        thats actually really good….good on u

        Comment posted on 01/04/2012 at 00:20.
      • Burgess_101
        Member
        Since: May 2009

        should probably read the thing before posting -.-

        Comment posted on 01/04/2012 at 00:20.
      • phantom5813
        Member
        Since: Jul 2009

        you woulda still had change as well

        Comment posted on 01/04/2012 at 00:20.
  2. Sympozium
    Member
    Since: Aug 2009

    This will not end well.

    Comment posted on 01/04/2012 at 00:00.
    • phantom5813
      Member
      Since: Jul 2009

      will have to see. Hope the rest of the employees get to keep their jobs

      Comment posted on 01/04/2012 at 00:22.
  3. Radiitz
    Member
    Since: Jun 2010

    Damnit! I have a fiver in my car. I should have brought GAME myself, haha.

    Comment posted on 01/04/2012 at 01:14.
    • nemesisND1derboy
      Member
      Since: Apr 2010

      Yeah, and inherit all that debt, over £85 million worth :P

      Comment posted on 01/04/2012 at 02:40.
      • Radiitz
        Member
        Since: Jun 2010

        I would have sold it after ten minutes. I could then say that I owned a mega corporation, haha. Still though, I would ask if I could call the debt a tenner :)

        Comment posted on 01/04/2012 at 11:24.
  4. samiro05
    Member
    Since: May 2010

    If the total debt is 85 million, I reckon it could be made by selling off all the physical stores n making the company grow though online sales until the profit is rolling in enough to expand back out into stores

    Comment posted on 01/04/2012 at 03:47.
  5. aerobes
    Member
    Since: Aug 2009

    More than I can afford. Good luck to them.

    Comment posted on 01/04/2012 at 06:50.
  6. Cerberus64
    Member
    Since: Oct 2008

    April Fools!

    Comment posted on 01/04/2012 at 08:14.
    • aerobes
      Member
      Since: Aug 2009

      This news was posted yesterday evening …

      Comment posted on 01/04/2012 at 08:20.
      • Jas-n
        Since: Aug 2008

        Probably why it was posted 23:48, to (try and) make sure people didn’t think it was an April fools.

        Comment posted on 01/04/2012 at 10:54.
  7. Foxhound_Solid
    Is a smart cookie.
    Since: Dec 2009

    Must be an April fools…

    Comment posted on 01/04/2012 at 08:18.
  8. gaffers101
    Member
    Since: Oct 2008

    They’ve got their work cut out to try and pull the business bak together, but I do wish them luck!

    Comment posted on 01/04/2012 at 08:39.
  9. Zephyre
    Member
    Since: Aug 2009

    Can’t imagine Opcapita have any interest in owning Game, I imagine they’ll be looking to sell the chain on as soon as they can, but by keeping the stores open they stand a chance of someone paying a premium.

    Either way, wasn’t there some story that property that Game owns (their head office?) being worth multiple millions of pounds? If so, they might well stand a chance of getting some serious bids

    Comment posted on 01/04/2012 at 08:58.
  10. uncleniccius
    Member
    Since: Jan 2012

    Buying game is a rip off; for £2 you could buy sweets! Plus, have you ever bought something that £2, but really costs £850,000,02

    Comment posted on 01/04/2012 at 09:07.
    • BoyDay
      Member
      Since: Oct 2008

      You mean £85,000,002

      Comment posted on 01/04/2012 at 09:15.
      • uncleniccius
        Member
        Since: Jan 2012

        DANGIT! I hate my lack of though.

        Comment posted on 01/04/2012 at 12:21.

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