 2006 saw their American parent company file massive debts in the region of $560 million, leading to widespread speculation that the company was either rife to a take over or teetering on the edge of administration, however Gamestation was in fact still making healthy profits, Blockbuster went through a process of consolidation and sold any outlets not branded 'Blockbuster' in an effort to concentrate on its core business.Blockbuster Inc. announced on 2 May 2007 that it had sold Gamestation Ltd. to British based Game Group Plc for about £75 million ($150 million).217 Gamestation stores were sold in the deal.