MCV/DEVELOP News, events, research and jobs from the games industry
GAME UK has attracted the attention of "five or six" potential buyers, Retail Week is reporting. Meanwhile, a further 20 suitors are interested in the company’s international assets – with its Portugal and Spain outlets the most attractive prospects. As widely rumoured, GameStop is amongst the top suitors. But according …
Read More »GAME: Staff will be paid
GAME has told its staff they will be ‘paid what they’ve earned,’ the retailer tells MCV. The firm says it informed its employees via email this morning. GAME announced it was heading into administration this morning, having failed to secure extra finance and support from its suppliers. But the High …
Read More »OpCapita takeover of GAME all but ruled out
A source close to Comet owner OpCapita has revealed to MCV that a deal to takeover GAME is now very unlikely. GAME this morning filed for administration and is understood to be preparing to re-launch in a slimmed-down guise under an amended management team. That’s despite the fact that OpCapita …
Read More »Blueshore urges "fair and just" administration for GAME
The value of GAME’s assets needs to be reassessed to ensure that shareholders receive a rightful return on their investment, Blueshore Global has told MCV. Having acquired new stock in the retailer yesterday before its filing for administration and stock freeze this morning, the company – which owns nine per …
Read More »GAME: How it got to this point… and where it’s going next
It has felt like a very slow and protracted saga, but GAME’s fall into administration today has by all accounts been swift… and brutal. The first indication that all was not well came as early as late November, when The Telegraph asked the question Can GAME survive?”. However, it wasn’t …
Read More »GAME has filed for administration
UK retailer GAME officially filed for administration, although it will continue to trade for the time being. "Further to this morning’s announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient …
Read More »GAME Group delisted from London Stock Exchange
GAME said its board sees "no equity value left in the Group" and as such wants to be taken off the stock market. The news comes just hours after we revealed the various scenarios ahead for the stricken retailer – one of which was to go into voluntary administration to …
Read More »UPDATED: Gamestation may be sacrificed for new look GAME chain
One way or another, GAME as we know it has GONE, and may be replaced by something entirely different on Monday. MCV has learnt today that GAME management has presented suppliers with four possible outcomes for the company. The conclusion follows a period of consultation between a hired financial specialist …
Read More »GAME holds crunch talks with suppliers
A takeover at GAME still looks some way off, with the retailer having recently held talks with publishers in an effort to raise funds needed to pay store rents this weekend. GAME still hopes a takeover can be agreed, but it will not be completed in time to fund the …
Read More »How NOT to cash in on GAME’s struggles
The future of games on the High Street in in danger and thousands of workers face an uncertain future… so let’s all cash in, right? That’s clearly the attitude of dating website dateagamer.co.uk, which has seized upon GAME’s misfortunes to try and promote its own business. The company has allegedly …
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