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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IglesiasPosted:

Well, I live in LA and I have Gamestop :P

-DeanoPosted:

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


Gamestation, HMV, Asda, Sainsburys, Morrisons, Independant retailers.


Gamestation is owned by GAME. :P

smarty693Posted:

Seaborne-Cat
ITzZCraigxX
_TTG-HAGGIS_
ConnorHamilton
cheesewaffle1 where are people going to buy games in UK? no bestbuys, no GAME's, no Gamestops, this is madness


Gamestation, HMV, Asda, Sainsburys, Morrisons, Independant retailers.


Tesco, Play.com, Ebay, Amazon, gamestation, Loads of others


CHIPS :P Chips is the best they care about there community they give out free codes and games :P

HMV are a rip off

gamestation are owned by game,just saying...

Seaborne-CatPosted:

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


Gamestation, HMV, Asda, Sainsburys, Morrisons, Independant retailers.


Tesco, Play.com, Ebay, Amazon, gamestation, Loads of others


CHIPS :P Chips is the best they care about there community they give out free codes and games :P

HMV are a rip off

ITzZCraigxXPosted:

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


Gamestation, HMV, Asda, Sainsburys, Morrisons, Independant retailers.


Tesco, Play.com, Ebay, Amazon, gamestation, Loads of others


CHIPS :P Chips is the best they care about there community they give out free codes and games :P

StevsPosted:

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


Gamestation, HMV, Asda, Sainsburys, Morrisons, Independant retailers.


Tesco, Play.com, Ebay, Amazon, gamestation, Loads of others
HAHAHAHA PWNED BIATCHHHHH (sorry i had to)

_TTG-HAGGIS_Posted:

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


Gamestation, HMV, Asda, Sainsburys, Morrisons, Independant retailers.


Tesco, Play.com, Ebay, Amazon, gamestation, Loads of others

ConnorHamiltonPosted:

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


Gamestation, HMV, Asda, Sainsburys, Morrisons, Independant retailers.

LarPosted:

Hope There's Huge Sale Goes On :)

Sonny-MoorePosted:

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


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