The story continues, then, as today GAME’s shares rapidly drop back towards the 1.2p mark after opening a little higher. The news that there are reportedly two parties interested in the chain suggests that share price may rise a little more shortly, though.
The Financial Times, via MCV, claims that OpCapita, the company that famously picked up Comet for £2, are interested in the UK side of the group, with Hilco favouring the overseas divisions, whilst Rothschild are the people behind trying to find a buyer for the business.
In related news, posts are now appearing online from GAME and GameStation staff, with clear signs that things haven’t been rosy for a while.
“They had little or no grasp of emergent market trends and utterly failed to find any sort of balance in-store in regards to marketing their pre-orders (which took up far too much of the space they were meant to be selling actual product in), pre-owned (took far too much new-release space and wasn’t priced sensibly) and finally, back-catalogue (which suffered because of the first two and almost utterly killed of the PC side of things completely),” says one such report.
We’ll keep you up to date with any developments over the day.