Retailer Game has confirmed it is among 50 potential suitors circling collapsed music entertainment chain HMV.
Game, which was bought out of administration itself last April, has approached HMV administrators Deloitte with an interest in buying a number of shops in order to boost its estate.
It did not reveal how many shops it was interested in, but reports suggest it could bid for up to 45 in locations where it does not yet have a presence.
Deloitte said it has received expressions of interest from around 50 parties, including from other retailers, private equity firms and wealthy individuals.
HMV hit the wall earlier this week after suffering dismal Christmas sales, putting more than 4,120 jobs at risk.
But chief executive Trevor Moore said he was “confident” that management can still secure a future for the 92-year-old business.
DVD and games rental firm Blockbuster, which employs 4,190 staff across 528 shops, went bust just a day later in a dire week for the high street.
Other potential bidders for HMV and its stores are thought to include private equity firm Endless, which is the group that bought The Works out of administration.
Retail restructuring firm Hilco, which owns HMV Canada, and private equity veteran Jon Moulton, through his Better Capital firm, have also been linked.
Game is owned by OpCapita, the group which owned electricals retail chain Comet when it went under before Christmas.
OpCapita’s handling of Comet is under close scrutiny, with the chain going bust less than a year after it was bought by the private equity group.
But 333-strong Game is said to be enjoying a revival following its OpCapita rescue, with sales over Christmas ahead of management expectations, putting it on track for underlying earnings of £20m (€24m) for the year to July.
Irish Examiner live news app for smartphones lets you quickly access breaking news, sport, business, entertainment and weather.
Irish Examiner ePaper app gives you the entire newspaper delivered to your phone or tablet for as little as 55c a day.
A man who appeared to provide sign language interpretation on stage for Nelson Mandela's memorial service, attended by scores of heads of state, was a "fake", the national director of the Deaf Federation of South Africa said.
A six-year-old Chinese boy whose eyes were gouged out in an attack more than three months ago was discharged from a hospital in the southern Chinese city of Shenzhen yesterday where he was successfully fitted with prosthetic eyes.
There has been a slight decrease in the number of residential mortgages in arrears over 90 days and an increase in the number of permanently restructured mortgages in October, according to the Department of Finance.
The Limerick intermediate team is still without a manager, but, in a compromise that was backed unanimously at a meeting of the county board in Claughaun GAA club last night, the dispute that had threatened to throw the county back into the chaos it had witnessed only three years ago was finally resolved.
MYTHS are the stories that groups tell themselves: the beautiful lies that allow life go on. This is a week of great myth making. In the death and interment of Nelson Mandela we are witnessing modern myth being made in front of our eyes. But myths can be pernicious and evil — corroding life as well as enhancing it.
Tipperary native Brian Lonergan fulfilled a long-standing ambition when his tricolour appeared on live TV during Sunday's NFL clash between the San Francisco 49ers and the Seattle Seahawks at Candlestick Park.
THE scandal at the Central Remedial Clinic is a gift to the Government. Here we have an organisation seemingly plundering charitable funds, to feather the nests of a group of Fianna Fáil insiders, all of whom can be linked easily to former Taoiseach Bertie Ahern.
An Irish music discovery company, founded after seeing a Swedish girl walk into a lamppost, believes they are on the same growth trajectory that led to Twitter and Instagram's multi-billion-dollar successes.