GameStop linked to a bid for GAME’s non-UK stores
Potential buyers have until Friday February 10 to declare an interest for the possible acquisition of GAME‘s overseas businesses, according to MCV.
Last week, GAME clarified rumors surrounding its financial difficulties. The UK retailer was on course to break its banking covenants due to poor sales over the Christmas period. While GAME’s banks have agreed to revise the retailer’s financial obligations, they still insisted that it review the possibility of selling its international operations.
Financial advisory group Rothschild have been appointed to oversee the review. It is believed that GAME wishes to sell as much of its 600 stores across Europe, Scandinavia and Australia as possible.
GameStop may be a possible bidder for the international assets. However, when asked if it were possibly interested in bidding for the assets, a spokesperson from Gamestop said, “We do not comment on market rumours or speculation.”
GameStop also own several businesses across Europe, Scandinavia and Australia, so a bid for GAME’s assets could bolster their market strength in these territories.