The retail sector has been awash with deals over the past 18 months or so. Last week, private equity house Apax decided to walk away from a takeover of Woolworths.
Commenting on the termination of Game talks, broker Seymour Pierce said: 'Could it be another pull-out by a venture capitalist, having taken the view that the retail market remains challenging and that retail assets remain overpriced?'
Game posts full-year results tomorrow.
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