GAME manages to find a buyer-- Baker Acquisitions Ltd., an entity advised by investment company OpCapita, is taking over all remaining GAME UK assets including all 333 UK GAME and Gamestation stores.
The parties are not disclosing financial details of the sale and no statement is available on the future of GAME operations outside the UK.
Baker Acquisitions will be bringing the GAME business out of administration, saving nearly 3200 jobs. It will also re-employ a "small-number" of ex-GAME head office staff made redundant last week. It also has "no plans" for further store closures.
The retailer already closed down 43 UK retail outlets (12 GAME stores, 6 Gamestation stores and 25 Debenhams concessions) last March.
GAME reportedly owes creditors, suppliers and banks something around £180M, as major games publishers (including EA, Nintendo, Microsoft, Tecmo Koei, Capcom and Activision) started refusing to supply the retailer with new titles due to concerns of creditworthiness.