I bet HMV are pretty desperate to be bought out by someone by this point — but do you reckon it would be crazy/desperate enough to accept this offer from GAME’s CEO?
You’ll remember GAME from the 2012 season of hit TV show UK High Streets: Administration; against all the odds, a downsized GAME survived the whole bankruptcy thing and is back selling games to the masses. The CEO’s got ambition, however — so much, in fact, that he’s approached HMV’s administrators Deloittes regarding interest in some of HMV’s retail stores.
What makes this even more worrying is that the owner of GAME also owns Comet, who also went spectacularly bust last year. I think that buying up HMV would just be tempting fate; but it’s slim pickings for HMV at the moment, as the only offers he’s had (apart from this slightly delusional one) are from private equity firms, who will most likely want to gut the business. Maybe selling out to GAME wouldn’t be so bad after all. What do you think? [Reuters]