Electronics Boutique is Game predator

Electronics Boutique has confessed that it is the mystery suitor for Game, its closest rival in the UK high street entertainment software retail market. EB says discussions are "preliminary discussions" with Game, concerning a possible recommended offer. Earlier today Game, rushed out a statement to the London Stock Exchange, confirming that it has received an approach that could lead to an offer for the company. This followed unusual movement in the company's stock, with the price jumping 30.5p to 133p and 968,000 shares changing hands, in a hectic morning's trading. EB says discussions are "preliminary discussions" with Game, concerning a possible recommended offer. Last week chief exec Paul Lloyd-Roach denied industry reportsthat it had received a bid approach from Dixons Stores Group. ®