Troubled UK game retailer, GAME, has come out of administration after being bought by private investment company, OpCapita.
GAME had already announced that it was going into administration last week, but the news of the acquisition by OpCapita means that the 333 UK GAME stores and Gamestation stores will now have the funds to continue operation and 3200 jobs have been saved.
Vox Games reports that OpCapita paid a nominal fee of £1 ($A1.53), while agreeing to take on the £85 million ($A130,586,248) debt faced by the chain.
OpCapita managing partner Henry Jackson said: "We are pleased to have reached agreement with the Administrator. We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a £2.8 billion market in the UK."