RUMOR: Royal Bank of Scotland to Buy GAME Out of Administration Tomorrow

By Matthew Bennett, Associate Editor
Posted on March 29, 2012 AT 06:32am

THE BUZZ: The Royal Bank of Scotland is set to buy GAME out of administration and it could happen by tomorrow, a new report claims.

MCV has heard from multiple sources that RBS, who was the firm’s major money lender, has been tipped as the favorite to buy the company.

GAME entered administration a few days ago and was forced to close 277 stores, losing over 2000 staff.

EGM’s TAKE: We’re not quite sure what RBS will do with GAME if it does manage to successfully purchase the company. Will they allow the remaining stores to continue as is, or will some pretty brutal terms be drawn up in order for the deal to go through. Does the bank even want the company as is or do they just want the assets? We’ll find out soon enough.

Source: MCV

Matthew Bennett has only been covering the gaming world for a short while, but he’s eager to make his mark. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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