GAME weighs final options before point of no return

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UK retailer GAME, which had nearly 1,300 stores across Europe and Australia last November, is nearing its final days unless some financial foolery and corporate conjurations work out. MCV lays out four plans it has gathered from sources, which may lead to potential outcomes over the next week for the troubled company.

The first option, which would be refinancing of the current company by buyout bidders OpCapita, has apparently been ruled out by MCV. Next is a white knight or angel arriving and saving the day, but with a Sunday deadline this is considered "incredibly unlikely." Outcome number three: GAME is GONE.

However, MCV mentions a fourth option, which would save much of the company's workforce and leave the chain with over 300 stores. The move would have GAME voluntarily enter administration and create a "new company, funded by current bank lenders." If it happens, it would occur next Monday. The plan was apparently presented to GAME's concerned suppliers today. If the publishers agree, the GAME continues next week.

Posted:

Source: http://www.joystiq.com/2012/03/20/game-weighs-final-options-before-point-of-no-return/#comments

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"GAME weighs final options before point of no return" :: Login/Create an Account :: 22 comments

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Dwyane_WadePosted:

Every country/city should have a Gamestop.

xAVxPosted:

they already confirmed that someone bought it already. i seen it on yahoo or something earlier. Wonder how that will affect buisness.

BiGMACSPosted:

Unfortunate, thats the least to say anyway

KatsumiPosted:

Everyone says that game stores are 'overpriced' in reality they are not overpriced.. Target and K-mart games are over priced. You should compare the prices in stores to the prices on EBAY (which is what half of TTG does and you all know it)

MedionPosted:

SteelSeries
Graqhic
cheesewaffle1 where are people going to buy games in UK? no bestbuys, no GAME's, no Gamestops, this is madness


if game does close down there is no other main game stores, would be awsome if gamestop game to the UK


There are Gamestop's in the UK, there only in big shopping centers though.


They aren't in the UK. Gamestop recently shut down in Northern Ireland... Gamestop is in Republic of Ireland. I'm guessing we have to shop in HMV.

TTG_AizenPosted:

Vegetarian GAME was overpriced, I only pre ordered from GAME to get the best bonuses..


They only had a few thousand stores, that's why their so overpriced.

SteelSeriesPosted:

Graqhic
cheesewaffle1 where are people going to buy games in UK? no bestbuys, no GAME's, no Gamestops, this is madness


if game does close down there is no other main game stores, would be awsome if gamestop game to the UK


There are Gamestop's in the UK, there only in big shopping centers though.

VegetarianPosted:

GAME was overpriced, I only pre ordered from GAME to get the best bonuses..

-Robin-Posted:

Never Heard of 'Game' but from the looks, and comments it seems like an awesome gaming store. It would suck to see it close for people in the UK :(

AspersPosted:

cheesewaffle1 where are people going to buy games in UK? no bestbuys, no GAME's, no Gamestops, this is madness


if game does close down there is no other main game stores, would be awsome if gamestop game to the UK