|Comet bid for Game Group now less likely|
|Posted: 21.03.2012 15:50 by Joe Robinson||Comments: 1|
OpCapita, the owners of retail outlets such as Comet, have revealed today that a deal to takeover GAME is now "unlikely".
The company was reported to have made a bid for the company that not only would have eradicated the dying company's debt, but also maintained it as an viabl business. However, a source close to has now all but ruled that out.
“They had the money lined up. They’d done due-diligence, and met the company and the banks. It was ready to go."
It's being reported now though that GAME is going to re-launch as a smaller company, and that a buyout deal is now unlikely.
Game Group today , which comes with a ten-day moratorium period in which they can find a buyer and come to a deal.