RUMOUR: Walmart to offer 12p per share for GAME

Investors believe that Walmart is prepared to offer 12p per share to buyout GAME Group. News of Walmart’s approach to GAME was revealed exclusively by MCV this afternoon. As recently as Monday, GAME shares plunged to an all-time low of just 0.5p. However, rumours of a buyout today have seen …

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GAME confirms rescue bid

GAME Group has confirmed that a ‘third party’ has shown an interest in providing financial support to the stricken retailer. Although not mentioned in the statement, that third party is OpCapita, the investment firm who also owns electricals retailer Comet. But GAME stress that although OpCapita has sought dialogue with …

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Now Sega games will miss GAME

Sega’s Yakuza: Dead Souls is the latest game that will not be stocked by GAME or Gamestation. Despite the excitement surrounding a possible buyout, GAME is still suffering serious supply issues. Already, EA, Nintendo, Tecmo Koei and Capcom have not supplied game with their latest titles. That means Kid Icarus: …

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GAME’s shares rally on acquisition reports

GAME’s share price has shot above two pence following reports the retailer is about to be bought. That’s up 95 per cent since the start of the day. According to The Times, Comet owner OpCapita – a private investment firm – is planning to swoop for the games specialist. Meanwhile, …

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CONFIRMED: OpCapita tables GAME buyout offer

The future of retailer GAME could be on the verge of being secured. The Times reports that Comet owner OpCapita has offered to buy out the GAME Group’s lenders, including the complete repayment of all of the chain’s suppliers. This has since been confirmed to MCV. This is particularly good …

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There are 10 days left to save GAME

MCV understands that staff within GAME’s Basingstoke headquarters believe the firm will fall into administration on March 24th unless a buyer is found. That is a day before GAME’s quarterly rent day of March 25th on which GAME will be required to pay the leases for many of its stores. …

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