MCV/DEVELOP News, events, research and jobs from the games industry
With a firm offer from OpCapita to acquire GAME Group understood to be on the table, one analyst has questioned the motivations behind the potential deal. Highlighting the fact that HMV is lucky to have decent assets to sell” and suppliers that have rallied around them”, independent analyst Nick Bubb …
Read More »Investors predict stock surge as GAME shares climb
GAME’s share price has begun to rise dramatically with investors sensing a strong recovery over the next 24 hours. Stock is currently trading at 3.20p, an increase of over 50 per cent. It even reached as high as 3.7p in the minutes after the markets opened. Earlier this week the …
Read More »UPDATE: GAME blocked from stocking Star Wars Xbox 360 console
The upcoming Limited Edition Star Wars themed Xbox 360 hardware SKU will not be stocked at GAME, MCV can reveal. News broke just moments ago that both Microsoft and Activision have joined Sega, Capcom, Nintendo and Tecmo Koei in refusing to sell stock to GAME Group stores. MCV has learned …
Read More »GONE: The GAME we once knew is up [ANALYSIS]
Some will say that the image with this OpEd – which also adorns our cover this week – is too much, too soon. But even after a dramatic Wednesday that saw a buyer officially enter the frame and rumours mount that another US firm is sniffing around… I think we …
Read More »Xbox and Activision pull GAME support, says leaked memo
A leaked memo from GAME, seen by MCV, says that Activision and Microsoft are the latest publishing giants to not supply the troubled specialist giant. Activision titles Cabela Big Game Hunter 2012 and Zhu Zhu Babies, plus Microsoft’s Kinect Rush: A Disney/Pixar Adventure, will not be sold by the retailer, …
Read More »PokePark 2 added to the GAME MIA list
Today may have delivered some potentially good news for GAME, but the frustration continues for the chain’s customers. Following confirmation earlier today that 3DS title Kid Icarus: Uprising and Sega’s Yakuza: Dead Souls will not be stocked by the retailer, Nintendo’s PokePark 2 for Wii has been added to the …
Read More »Blueshore: GAME offers "tremendous value" for investors
US investment fund specialist Blueshore Global Equity has told MCV that it believes retailer GAME is a tremendous investment prospect – even if it does enter administration. Blueshore recently acquired an eight per cent stake in GAME Group and tonight told MCV that the market is failing to recognise 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 »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 …
Read More »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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