Over the weekend The Sunday Times has reported that the GAME retailer
in the UK has now hired Banque Privee Edmond de Rothschild to find a
buyer for the company. To help avert financial collapse the Times
The Times report that the GAME retailer needs to pay rental bills in
just two weeks time, and failure to do so could push the firm into
GameStop has already shown interest in the Spanish arm of the
company, and may be able to save the UK arm of the company from
administration. Currently GAME’s share price has plunged down to 3.5p,
adjusting it’s market value to just over £15m.
The news comes after GAME failed to secure big name suppliers such as
EA, Nintendo, and most recently, Capcom. For the launch of highly
anticipated game titles such as Mass Effect 3 and Street Fighter X Tekken which the GAME stores didn’t stock on launch.
Source: Joystiq : Bloomberg, MCV