Game to complete a remarkable two-year turnaround by going public (again)
Two years after it went into administration, UK video game retailer Game could complete a stunning comeback by floating on the London Stock Exchange for a second time. The company, which was forced to close 300 stores, abandon its European expansion and kill the Gamestation brand in 2012, has surged following last year's console launches and is looking to put the worst behind it by selling a 35 percent stake to investors. Led by investment firm OpCapita, the group will rename itself to Game Digital and is expected to hit London's financial markets within the next four weeks. With 560 stores, a 33 percent share of the new game and hardware market in the UK and over 16 million combined Reward Card members, Game is expected to earn a £400 million valuation -- not bad for a company that was all but dead 26 months ago.
[Image credit: Game Online, Flickr]
