Mike Ashley’s retail empire Sports Direct is making its latest High Street expansion move with a £51.9m bid for Game Digital.
Sports Direct said it will offer 30p a share for Game Digital under the cash bid, which was triggered after it upped its stake in the chain to 38.5%.
But Sports Direct warned there may be job losses if the bid succeeds.
It would potentially close some sites, or merge them with other Sports Direct-owned stores, after a review.
This is the latest expansion attempt by Sports Direct, after it failed to take over Debenhams.
Sports Direct has already snapped up a number of struggling companies, including House of Fraser and Evans Cycles. He also recently bought online furniture firm Sofa.
Mr Ashley’s empire was already Game’s largest investor