It's good news for those of us who make a living from headline puns, and even better news for the 3,200 or so people still employed at 333 GAME and Gamestation stores in the UK.
According to MCV and the Telegraph, Comet owner OpCapita has secured the sale of GAME's UK assets to Baker Acquisitions Limited, taking the firm out of administration and leaving it with enough moolah to resume trading.
A deal with the Royal Bank of Scotland was rumoured to be on the way last week, but this was apparently no more than a safety measure - administrator PriceWaterhouseCooper allegedly had 10 days to find a buyer. As one of GAME's principal lenders, RBS has little to gain from the group's permanent closure. The financier reportedly blocked a previous OpCapita bid for the chain last weekend.
OpCapita may pay a nominal fee of as little as £1 for GAME Group - the real burden, of course, will be assuming responsibility for GAME's £85 million debt. The investment group picked up the struggling Comet for £2 last year.
A hunt for a new chief executive officer to replace Ian Shepherd is underway. Baker has appointed OpCapita, former joint chief operating officer of Dixons, as GAME's new executive chairman.
GAME remains suspended from the stock exchange for the moment, and its international assets are still up for sale. But no further UK job losses and no further store closures will be incurred. Huzzah!
"We are pleased to have reached agreement with the administrator," OpCapita managing partner Henry Jackson told MCV. "We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a £2.8bn market in the UK.
More as we get it.