So new rumor is, Walmart is considering buying out Game. Supposedly they are prepared to offer 12p per share to buyout GAME Group. Interesting, no? Another potential buyer is OpCapita.
As recently as Monday, GAME shares plunged to an all-time low of just 0.5p. However, rumours of a buyout today have seen its share price recover to 2.1p.
That gives it a current market cap of £7.23m. A buyout at 12p per share values the company at over £40m. The company has not been worth that much since November 2011. At its peak in May 2008 GAME shares were trading for £2.96.
If true, the news could point to – of all things – a potential bidding war for the retailer.