The end draws near for Blockbuster UK, 62 more stores closed

Blockbuster UK is likely to follow in the footsteps of the recently defunct US arm, after administrators announced 62 further store closures, with 427 employees laid off as a result. The DVD and game rental chain entered administration (a.k.a. bankruptcy) again earlier this year, and insolvency specialist Moorfields Corporate Recovery is struggling to find a buyer for what's left of the once major presence on the UK high street.

"Unfortunately we have still not received any acceptable offers," reads Moorfields' statement. "So as a result we may be forced to close the remaining 91 stores affecting 808 employees."

Blockbuster UK's tumultuous year, which has seen the company go into administration twice, over 400 stores close, and thousands of employees lose their jobs, will likely end with it finally being laid to rest. The store's demise leaves the country's high street games retail in a perilous state, with major players GAME and HMV still recovering from their own financial struggles from the year before.

This article was originally published on Joystiq.