MCV/DEVELOP News, events, research and jobs from the games industry
Shareholders holding out hope that they might yet recoup the value of their losses have received some bad news this afternoon. The GAME Group has today requested its complete removal from the London Stock Exchange. "Further to the announcement of 21 March 2012 and the appointment of PWC LLP as …
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 »Goldman Sachs acquires 13m GAME shares
World financial giant Goldman Sachs has become the latest company to swoop for stock in The GAME Group. The purchase was made on March 12th and was publically announced this morning. Goldman Sachs has acquired 13,120,220 shares in the company, entitling it to 3.78 per cent of its voting rights. …
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 »Blueshore Global Equity acquires 8% of GAME’s shares
A company called Blueshore Global Equity has today acquired 29m GAME Group shares, giving it an 8.35 per cent stake in the retailer and limited voting rights. Blueshore, a global equity fund based in New Jersey, was founded in 2006 by Harsha Gowda. It specialises in equity and pooled investment …
Read More »GAME stock the centre of huge Monday activity
Retailer The GAME Group is at the centre of some feverous stock market activity today as its day or reckoning rapidly approaches. At the time of writing some 245,717,152 GAME shares have been traded in the last 24 hours. This compares to an average daily trade volume of just 10.9m …
Read More »Zynga downgraded to ‘neutral’ as shares rise
Stock in browser games giant buoyed by launch of games platform and prospects of entering online gambling
Read More »Zynga stock up following publishing reveal
Shares in Zynga jumped ten per cent yesterday on news that the social games giant is to launch its own games portal away from Facebook. The City’s interest in Zynga’s new venture drove its share price from $13.43 to $14.49 at end of trading. Zynga.com, which will launch in beta …
Read More »GAME shares fall 15% following EA crisis
Having this morning revealed that it will not be stocking key Q1 release Mass Effect 3, GAME’s share price has plunged 15 per cent. The retailer’s share price opened at 5.57p this morning. Despite climbing briefly to 5.98p, in the hours that followed the Mass Effect 3 news the price …
Read More »Apple value hits half a trillion dollars
Share prices rise to new high after tech giant teases iPad 3 announcement
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