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GAME Up For Sale?

Published on March 12, 2012 by

UPDATE 2: Seems a spokesperson for GAME has told MCV that it is just a fault, and that “the web service will resume imminently”

 

UPDATE: Now it seems both the Gamestation site and the GAME site have been taken doing due to undergoing maintenance. No comment has been made as to why.

 

GAME has recently admitted it is unsure over its future as reports fly in that it has put itself up for sale. At the time of writing the stock has hit an all-time low of just 0.5p!

The Sunday Times has reported that GAME has hired Rothschild to find a buyer for the downward spiraling company.  The paper writes that GAME has to pay landlords in two weeks. Failure to pay could result in the firm going into administration. This would put thousands of jobs at risk.

Is this the end?

In recent months GAME have tried very hard to reach out to publishers even holding an event for its partners to explain the situation and what is required for them to survive. At first it seemed the meeting was  successful, but as time went by it became apparent that some big publishers were not on board namely EA, Nintendo, and most recently, CAPCOM.

GameStop has been mentioned as a likely candidate to take over GAME and even though it has opted to ignore the UK market (using an Internet store instead) the prospect of instantly becoming market leader may be all too appealing. No comment has been given from the company though.

With the deadline slowly approaching for GAME we’ll know soon enough the fate for the company and it’s employees.

 
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1 Comment  comments 

One Response

  1. faz6198

    I think they should do a Woolworth’s. Shut down your stores which would get rid of all the rent paying problems. And then stay with your online store. I know its loss of jobs but they have been asking for this for a while. Rising the price of new releases up to £49.99 instead of keeping it at £39.99.While keeping all the prices lower with their online shop. This way you don’t have people coming in store and more people buying online.

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