GAME shares fall 15% following EA crisis

Having this morning revealed that it will not be stocking key Q1 release Mass Effect 3, GAME’s share price has plunged 15 per cent.

The retailer’s share price opened at 5.57p this morning. Despite climbing briefly to 5.98p, in the hours that followed the Mass Effect 3 news the price plunged as low as 4.89p.

GAME shares are currently worth 5.00p, representing a dip of 15 per cent in the last 24 hours.

Back in May 2008 the company’s shares were trading for 296.75p.

The Guardian reports that GAME’s key lenders – Royal Bank of Scotland, Barclays, HSBC, Caixa, Allied Irish Bank and Bank of Ireland – are still pressing for a sale of GAME’s international operations.

However, MCV has just revealed that US retail giant GameStop is poised for a takeover of the business, but does not want to acquire its Australian stores.

For the full story, click here.