Everyone’s favourite Sports Direct has bought a quarter of GAME. That’s 44m shares in other words – a lot of money right there.
- Billionaire Mike Ashley now owns 25.75 per cent of the company.
- GAME is going through a rough time at the moment, something that apparently Nintendo is responsible for.
- GAME says they are “pleased” that their value has been recognised by Sports Direct through the huge acquisition.
- Ashley is a controversial figure. His Sports Direct business has been disciplined for poor working conditions for its employees and for not paying the minimum wage.
GAME had this to say: “We look forward to working collaboratively with Sports Direct to explore the clear opportunities that a constructive partnership and collaboration can deliver for all stakeholders in the gaming, live events and rapidly growing esports markets in which it operates.”