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

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