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Is GAME about to become a taxpayer-owned games retailer?

Job-saving RBS deal is "incredibly close", say sources

There may be light at the end of the tunnel for GAME Group. Sources close to negotiations are hinting that a rescue effort led by the Royal Bank of Scotland is "incredibly close" to fruition.

MCV reports that we may hear more as early as tomorrow, Friday 30th March. RBS is apparently acting on behalf of a bank consortium; it faces rival bids from Comet owner OpCapita and US retailer GameStop.

Zoom

277 GAME and Gamestation stores and 2,104 jobs have been lost in the wake of GAME's planned descent into administration earlier this week. RBS is one of GAME's key lenders, and thus already exerts some control over the retailer's fortunes; according to the Telegraph, the bank blocked an OpCapita bid that would have safeguarded jobs over the weekend.

If the bid is successful, GAME could become the indirect property of the state. Taxpayers were obliged to bail out RBS during the financial crisis, and still own a majority stake in the bank.

What would you do with it?

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