Forum - Index
Welcome to the WDTVFORUMS, Please register.

WD TV HD the media player by Western Digital plays almost any Movie format and Music format. Please take the time to register and show support as well as give support for all WD TV models. Use the link below to register and enjoy all the advantages of being a member, enter upcoming contests, see all the images and enjoy all the downloadable content the forum has to offer. Thank you and see you on the boards!

  • REGISTER HERE! (fast and free)

  • Welcome Guest ( Log In | Register )


       UK retailer GAME goes into administration
    feeder
    post Mar 21 2012, 06:14 AM
    Post #1


    FEED ME
    **********

    Group: Feedbots
    Posts: 59,527
    Joined: 2-May 09
    Member No.: 133




    Retailer Game, owner of the Game and Gamestation chains has entered administration. The chain has 1,270 outlets in Europe and Australia and rumors have circulated for months concerning unrest at the highest levels of the business. It was unable to agree deals with publishers Capcom and Electronic Arts for the latest titles, meaning it had to turn away customers looking to buy Mass Effect 3 during its blockbuster opening weekend. After the board informed shareholders that "it's uncertain any of the solutions [...] being explored by the board will be successful," the company's share price fell by 71 percent. A week later, the company withdrew its share listing from the London Stock Exchange as its share value collapsed to from 62p a year ago to 2.39p. A statement released today said that insufficient progress had been made in finding a rescue solution, but the company will continue to trade while talks continue:

    "Further to this morning's announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business. The board has therefore today filed a notice of intention to appoint an administrator. In the short term the Board's intention is that the business will continue to trade and discussions with lenders and third parties will continue under the protection of the interim moratorium."

    UK retailer GAME goes into administration originally appeared on Engadget on Wed, 21 Mar 2012 08:14:00 EDT. Please see our terms for use of feeds.

    Permalink   |   | Email this | Comments

    Read More...
    Go to the top of the page
     
    +Quote Post

    Posts in this topic


    Reply to this topicStart new topic
    1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
    0 Members:

     

    Lo-Fi Version
    Delete cookies set by this board · Mark all posts as read
    Time is now: 20th December 2014 - 12:38 PM