Discussions over possible takeover end
Talks about a potential acquisition of computer entertainment specialist Game are over, the store group has disclosed. Game revealed at the end of last month that it was discussing a possible sale. The company's suitor was never revealed, but there was speculation that an overseas rival was ready to pounce, or that venture capitalists were considering backing a management buy-out.

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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