XBox 360 Universe Straight from the source
  • Sports Direct Buys Up 25% of GAME’s Shares

    0
    scissors
    July 13th, 2017GamespotUncategorized

    Chain sporting goods store Sports Direct has purchased just over a quarter of struggling UK video game retailer GAME's total shares. The purchase cost Sports Direct £44 million and netted the company a 25.75% stake in GAME. 

     
    GAME released the following statement on the acquisition:

    "GAME is aware that Sports Direct has taken significant strategic equity stakes in a number of retail and brand businesses across both the UK and USA, and is a leading retailer which partners with major global brands and suppliers.

    GAME is pleased that the strategic value of the group has been recognised by Sports Direct through this acquisition of a 25.75 per cent stake. The Group looks forward to working collaboratively with Sports Direct to explore the clear opportunities that a constructive partnership and collaboration can deliver for all stakeholders in the gaming, live events and rapidly growing esports markets in which it operates."

    Source: Gamesindustry.biz

    Full Article - http://www.vgchartz.com/article/268705/sports-direct-buys-up-25-of-games-shares/