Report: Time Running out for GAME Even as Potential Buyers Show Interest

Time is running out for UK retailer GAME if you believe this story from MCV, but several companies have quietly approached the troubled retailer about an acquisition according to another MCV report. One of those potential suitors is rumored to be Walmart, which has about 9,000 retail stores nationwide. Why a general goods retailer would want to buy a specialty retailer like games is beyond me. GameStop is also supposedly in talks with GAME, as well as retail strategist Hilco and Comet owners OpCapita.

Other news related to GAME making the rounds today includes an announcement that investment firm Blueshore Global Equity has acquired an eight percent stake in the company. It was also revealed today that GAME will not be stocking Nintendo's latest first-party 3DS title Kid Icarus. Earlier in the week it was revealed that the retail chain would not be stocking three major titles: Resident Evil: Operation Raccoon City, Ninja Gaiden 3, and Warriors Orochi 3.

Staff at GAME’s Basingstoke headquarters believe the company will fall into administration on March 24th unless a buyer is found soon, according to MCV.

GAME is not commenting on any of the stories making the rounds today, saying only that the company does not comment on rumor or speculation. Thanks to beemoh for the tip.

Source: MCV

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