Embattled entertainment retailer Game has been offered a lifeline by Comet owner OpCapita.
The private equity firm, which acquired Comet for £2 last month, has offered to buy Game’s debt from lenders, led by Royal Bank of Scotland, and pay its suppliers in full.
The retailer was thrown into crisis earlier this month when major games producers, including EA and Capcom, refused to supply Game with their key releases.
Game confirmed the interest yesterday. It said: “The third party is seeking a 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 as it continues to conduct a review of its business and assets.”
It is unclear how many stores OpCapita wants to take on. Restructuring specialist Hilco and US rival GameStop is also understood to be interested in acquiring Game.
No comments yet