Game Digital agrees to the £52 million takeover by Sports Direct, possibly paving the way for the creation of purpose-built gaming arenas in Hosue of Fraser stores.
A statement has the Game board admit it had no option but to accept the offer from the Mike Ashley-owned retailer, even if it was "disappointed" Sports Direct issued its offer document unilaterally even as discussions were ongoing. However the board concluded the Sports Direct offer represented a "fair value" for the group, and in any case Game was already reliant on Sports Direct for future growth. For instance, Game plans to open a network of live gaming arenas in stores under the Belong brand.