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Trouble game company Game Group already in administration to be rescue by Investment group

Sunday, 01 April 2012
The game retailer, Game Group which recently went into administration could be rescued by an investment group, Opcapita according to reports out on Sunday.

Opcapita is reported to be ready to buy a large part of the troubled Game Group out of administration, according to the British broadcasting Corporation, BBC.

The deal will likely keep open 333 stores and save 3,100 jobs but we do not know how it will affect its store in the Scandinavia.

According to the BBC, Half a dozen banks, led by Royal Bank of Scotland, who are owed 85million, have approved the takeover.

Last Monday the video game retailer went into administration, with 277 stores closing down immediately.
Administrators PricewaterhouseCoopers (PwC) also announced 2,104 staff would be made redundant but the remaining 333 stores were kept open as they searched for a buyer for the business.
By Team

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