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Posted by Chuck Corbin on Apr 2, 2012

GAME Buyout To Save Thousands Of Jobs

Finally, some good news in the GAME bankruptcy fiasco! According the BBC News, an investment group, Opcaptia, has agreed to buyout GAME and help keep the company afloat. The cost of the buyout has not been announced yet as of this time.

Last week, over 2,000 jobs and 277 stores were lost as GAME went into administration with PricewaterhouseCooper, who closed the stores as a measure to help keep the company afloat. This amounted to roughly 40% of the company.

Though the company has been bought out and saved for the moment, it’s still going to need some work done to it to make it profitable. If it’s going to survive after this brush with death, GAME is going to have to radically change its business strategy in order to attract the big publishers back, and to attract the customers to shop at GAME stores.

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