GAME Wants to Buy 45 HMV Stores

GAME wants to buy up to 45 HMV stores. GAME boss Martyn Gibbs said in a recent interview that GAME had approached HMV administrator Deloitte for more information. Sources close to the situation told the paper there were 40-45 UK locations where HMV was present but GAME was not, and it's these it's interested in. Gibbs said:

"We will constantly review our property portfolio based on what is available. I would not rule out any stores becoming available, be that through an administration or normal property deals."

GAME barely survived the administration process last year when OpCapita bought the UK business. But hundreds of stores were closed, thousands of staff let go and the Gamestation brand was, eventually, retired. Gibbs said Christmas sales were "ahead of our expectations" and he's confident of meeting the £20 million earnings target by the end of its financial year in July.

Isn't this just the poor leading the poor? They'll both walk out in to traffic and *BAM*, hit by the recession. Hopefully this isn't the move that kills both GAME and HMV off completely.