GAME: No new acquisitions on the horizon

Despite revealing her criteria for acquisition targets last month, GAME CEO Lisa Morgan has told MCV that the firm isn’t expecting to grow through buyouts any time soon.

Speaking after GAME’s impressive financial results announcement last month, Morgan said that the firm’s strategy hadn’t changed” and that any potential acquisition target had to offer a specialist opportunity where we have good local management, ideally, 20 to 25 stores [and] a marketplace that we see potential in”.

However, in an interview with MCV this week, Morgan revealed:

We’re a public company so we have to be quite transparent when making acquisitions or even talking about opportunities.

We confidently do look at markets, whether visiting them and taking a look at the High Street and the opportunity, or whether it’s looking at markets on paper. That’s something that we will always do, as and when opportunities arrive.

We are quick to respond to good opportunities though – take Gamestation as a prime example of that.

But no, we’ve got nothing to report at this moment in time.”

Morgan also discussed the 5 million investment Game Group has pledged to develop its online offering this year, as well as rumours of a GameeStop bid for her firm.

You can read the full interview here.