GAME management told to prepare for administration 'within weeks'

[Mikey]

Aww this sucks! I remember when I had my Playstation 2 and I always got games out of there whenever I had spare money and also xmas + birthday money. Shame they might shut down, they've been around for agesssssssssssssssssssssssssssssss!

[FiftyCal]

never heard of GAME or GameStation, but sad news to hear!

[samsaBEAR]

I'm not surprised at all. I only ever shop there when my buddy gets me stuff with his discount, and even then it's only just less expensive then Amazon. I'd like there to be a dedicated video games store on the high street, but I don't want to pay extra per game for the sake of it

[Lamz]

I was wondering why GAME in Brent Cross was so packed yesterday!...

SAD SAD NEWS, but I hope the 'sales' continue for a few more days or another week so I can Get FIFA Street(4) :L

[dbgtz]

I was wondering why GAME in Brent Cross was so packed yesterday!...

SAD SAD NEWS, but I hope the 'sales' continue for a few more days or another week so I can Get FIFA Street(4) :L

I doubt they'd sell a brand new game cheaply.

[Stephen!]

They won't sell FIFA Street since it's an EA title.

[Samantha]

[@]@Bethie[/@] I went yesterday and managed to get a Nintendo DS game for 49p, got 3 other games at 99p and 2 at £1.99 there's a lot on offer, even selling wii games for 99p.

Also, I looked at the game website yesterday and I saw Sims 3 for Nintendo 3DS will be sold NEW for £6.98 at GAME (not sure if this will just be online) but it will be sold preowned at £14.98 (not sure how that is possible atm as it's not out yet so it can't be preowned) so some new games will be cheap.

[dbgtz]

[@]@Bethie[/@] I went yesterday and managed to get a Nintendo DS game for 49p, got 3 other games at 99p and 2 at £1.99 there's a lot on offer, even selling wii games for 99p.

Also, I looked at the game website yesterday and I saw Sims 3 for Nintendo 3DS will be sold NEW for £6.98 at GAME (not sure if this will just be online) but it will be sold preowned at £14.98 (not sure how that is possible atm as it's not out yet so it can't be preowned) so some new games will be cheap.

I'm gonna go to my local game tomorrow with a load of money in the hope of getting a bunch of games. I'm gonna be loaded with games hopefully . Which is good, the only game I got recently was Crysis 2 and that was **** but with good mechanics.

[Technologic]

Tesco is closer, steam is closest.

THATS 2012 FOR YA

[xxMATTGxx]

The Sunday Times has reported that GAME has hired Rothschild - one of the world's largest independent financial advisory groups - to help the company find a buyer (as reported in MCV).

According to the broadsheet, the retailer must pay its rent in two weeks; failure to do so could result in the company going into administration.

Deloitte is waiting to be called in should GAME enter into an insolvency process. GAME's stock has continued to plummet. At the time of writing, shares are valued at 1.15p.

GAME released a statement in response to the announcements this morning. It reads:

"While these discussions are on-going, it has not been possible to source new products from a number of suppliers. The Board of GAME is working actively to resolve these issues as quickly as possible. This includes on-going discussions with suppliers, seeking access to the original facility or alternative sources of funding, and reviewing the position of all of its assets in the UK and international territories.

"It is uncertain whether any of the solutions currently being explored by the Board will be successful or will result in any value being attributed to the shares of the Company."

http://uk.games.ign.com/articles/122/1220533p1.html