Newcastle United owner Mike Ashley is set to add another business to his empire.
The Sports Direct boss - who is reportedly looking to sell United and remains in talks with several parties - has had an offer accepted in principle to buy Game Digital, the troubled video games business which has shut its stores around Britain.
Mr Ashley's Sports Direct business bid £52m - 30p per share - for Game Digital. Game confirmed in a statement to the Stock Exchange that the offer is set to be accepted.
In its statement to the Stock Exchange, Game said it was "disappointed" Sports Direct had decided to "issue its offer document unilaterally whilst these discussions were ongoing".
Game added: "The Board has unanimously concluded, following a period of detailed deliberation and having been so advised by (financial services firm) Canaccord Genuity Limited, that 30 pence per share represents a fair value for the group and intends, therefore, to recommend that shareholders accept the mandatory offer, as those members of the board who hold Game shares intend to do."
"In providing its advice, Canaccord Genuity has taken into account the commercial assessments of the directors of Game.
"In coming to this recommendation, the board has considered the growing size of Sports Direct's shareholding in the group and the reliance Game has on Sports Direct for supporting its future growth prospects, combined with the ongoing industry headwinds, current negative retail market outlook and the likely elongated current console lifecycle which are expected to impact the future financial performance of the group."
Mr Ashley acquired House of Fraser last year, but failed in a bid to buy rival department store, Debenhams.
You can read the latest on the Newcastle United takeover, here .
