Shares in computer game retailer Game Group have dropped 10.5p to 129.25p on competition fears after reports that US rival GameStop was interested in buying half of Woolworths' 815 stores across the country.
City analysts have in the past suggested GameStop could bid for Game, but buying the Woolies stores would be an alternative way for the US company to gain a UK presence.
Despite the departure of Dragon's Den star Theo Paphitis from the carve up of Woolworths, a number of other interested parties have contacted administrators Deloitte, with supermarket group J.Sainsbury suggested as one of them.
Meanwhile Woolworths is cutting 450 jobs from its Marylebone and Rochdale offices, although Deloitte said it expected to keep the stores open until after Christmas, with all the shop staff paid in full.
