MCV/DEVELOP News, events, research and jobs from the games industry
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 »Rivals positioning for post-administration swoop on GAME
MCV has learnt that a number of retailers and suppliers are putting plans and finances in place to ensure they are ready to acquire potentially cut-price assets should GAME go into administration this week. If a deal is not struck by the weekend it is likely that GAME will be …
Read More »GAME shares fall as time runs out on lender talks
With any potential deal to save GAME needing to be in place by this weekend, the retailer’s share price has taken a big hit on the markets this morning. Having closed on Friday at 3.072p, GAME’s share price opened at just 2.5p this morning before falling to 1.6p after just …
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 »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 not stocking Resident Evil: Operation Raccoon City
Capcom’s upcoming release Resident Evil: Operation Raccoon City will not be sold at GAME or Gamestation, MCV can confirm. The game is due for release in the UK on March 23rd. It follows in the footsteps of fellow Capcom releases Street Fighter X Tekken and Asura’s Wrath, which were also …
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 »GAME stock plummets below 1p
It’s a sorry Monday morning for beleaguered retailer GAME today with stock in the company dropping to an all-time low. Having closed on Friday evening at an already rock-bottom 3.51p per share, GAME’s stock opened Monday morning on a bewilderingly low 1.75p. In the minutes that followed it fell as …
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 …
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