GAME remove themselves from stock exchange, prepare for administration

Gaming, Tech Digest news

Thumbnail image for games-storefront.jpgTroubled high-street videogame retailer game appear to be taking the last sad steps towards administration, with its board now requesting that the company be taken off of the London Stock Exchange.

With a statement revealing that there is “no equity value left in the group”, it’s now thought GAME will enter into voluntary administration as a way to save more of the company’s assets as it streamlines itself for a new retail push, according to MCV sources.

Stores in the UK and Spain will become the company’s main focus, with the possibility that sister stores under the GameStation banner will be closed, the sources add.

However, GAME have responded to the post made by MCV, challenging “many of the claims” made by the article. “The Company will provide a further update in due course,” is the current company line.

Administration however still seems the likely course. How damaging that becomes for both GAME and GameStation stores remains to be seen.

Via: MCV

Gerald Lynch
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  • グッチ政府は30日午前、野田政権が最重要課題とする消費税率を2段階で引き上げる消費税増税関連法案を閣グッチ財布議決定した。これに先立ち野田佳彦首相は、閣議決定反対を理由に連立政権からの離脱方針を表明した国民新党の亀井静香代表と会談し、再度慰留したが、亀井氏はグッチバッグ応じなかった。一方、同党から入閣している自見庄三郎郵政改革担当相は法案の閣議決定に署名し、同党の分裂が決定的になった。

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