MCV/DEVELOP News, events, research and jobs from the games industry
Games industry trade body UKIE has unsurprisingly welcomed the news that GAME has been saved from administration by retail turnaround specialist OpCapita. Baker Acquisitions’ purchase of UKIE member, Game’s UK assets is a very positive move for the UK games industry,” UKIE CEO Dr Jo Twist stated. Not having a …
Read More »RBS GAME bid gathers press momentum as store closures loom
Two more national newspapers have reported that The Royal Bank of Scotland is leading a consortium of bidders interested in acquiring The GAME Group. Yesterday MCV reported that a Sunday Times story claiming that the state-owned bank was interested in saving GAME from collapse. This morning The Telegraph reports that …
Read More »CBS Interactive acquires Giant Bomb
The website formed by a team of ex-GameSpot journalists has been acquired by GameSpot parent CBS Interactive. CBS says Giant Bomb staff – including Jeff Gerstmann, Ryan Davis, Brad Shoemaker, Vincent Caravella, Alex Navarro, Patrick Klepek, and Drew Scanlon – will remain ‘largely intact’, and will continue to run the …
Read More »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 …
Read More »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. …
Read More »EXCLUSIVE: Walmart makes GAME approach
MCV understands that American retail giant Walmart has made contact with GAME about a possible acquisition of the retailer. Walmart is the world’s 18th largest public corporation with over 9,000 stores worldwide. It is also the owner of UK supermarket Asda. In 2011 it generated worldwide revenue of $422bn. In …
Read More »Is GameStop actually in a position to buy GAME?
The presumption that GameStop will inevitably acquire GAME could be wide of the mark, if analyst warnings are to be believed. GameStop may have fared far better than its transatlantic rival amidst the recent changes to the games industry, but the uncertainty surrounding the future of the games market could …
Read More »GameStop in for GAME’s Iberian stores?
The deafening silence on GameStop’s intentions towards GAME continues, though one UK newspaper claims that an acquisition may be close. Specifically, The Independent believes that GameStop is readying a move for GAME’s 291 Spanish and Portuguese stores. It does not indicate that GAME’s 610 UK outlets would factor into the …
Read More »OPINION: What game is GameStop playing?
Speak to any analyst, and they’ll describe – whether politely or not – retail as a market in perpetual decline. The most colourful line recently: ‘dinosaurs thrashing about in the tar’. And yes, with physical retailers’ heavy products, shelves to put them on, meat-space customer service staff to sell you …
Read More »Aussie question delaying GameStop move on GAME
GameStop does want to buy GAME, but it doesn’t want the chain’s Oz business. If our sources are to be believed, the US giant hasn’t actually lost interest in UK retail as it told MCV last year. But it doesn’t want to double up Down Under by owning both GAME …
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