Sports Direct buys 26% stake in Game Digital
by Julia Kollewe from Technology | The Guardian on (#2WB8V)
Mike Ashley swoops on video games retailer after profit warning forced by shortage of Nintendo Switch consoles
The founder of Sports Direct, Mike Ashley, has added a near 26% stake in the struggling video games retailer Game Digital to his string of high street investments.
Game Digital said Sports Direct, controlled by the billionaire, had acquired 44m shares, amounting to a 25.75% stake. Game released a profit warning last month due to a supply shortage of Nintendo's Switch console and a weaker lineup of new games.
Continue reading...