garyopa
03-13-2012, 11:31 AM
Hilco and OpCapita interested in the retailer
http://www.maxconsole.com/maxconsole/contents/RKLS0000004444/icon_xl.jpg
Apart from Gamestop, two new companies are interested in acquire GAME business
Yesterday, we were informing (http://www.maxconsole.com/cgi-bin/maxconsole/rknewz.pl?function=detail&id=RKLS0000004277&cat=GENERAL) you about GAME put up for sale and Gamestop sounding as the more interested company for buying their business. Today, two more companies expressed interest in the retailer. They are Hilco, looking for Spanish and Australian arm and OpCapita (Comet), wanting the UK part of the company.
According to MCV:
Hilco is a retail restructuring company and is reportedly looking at GAME’s international assets including its Spanish and Australian stores. The UK business is not said to be of interest to the firm.
Closer to home, OpCapita is said to be eying up GAME’s UK assets. The company should be known to the games industry following its acquisition of Comet last year for the princely sum of £2.
The potential “synergy” between Comet and GAME is said to be the basis of its appeal, though the obvious question to ask is whether that could potentially see an OpCapita acquired GAME moving away from purely video games sales.
Financial firm Rothschild, which was originally tasked with finding a buyer for GAME’s international operations, is currently involved in efforts to sell the whole company.
What all potential buyers will be aware of, however, is GAME’s tumbling share price. Any buyer will want to ait until the company is worth as little as possible before making a move.
Having fallen to just 0.5p yesterday, GAME’s shares are currently trading for 1.2p.
The most likely outcome at this stage is a purchase post-administration, which could possibly occur as early as this week. This leaves staff in a nervous situation – though an acquisition of some sort is very likely, there are no guarantees concerning which company assets will be saved and which will be ditched. Gamestation seems particularly vulnerable.
NEWS SOURCE: Hilco and Opcapita linked to GAME acquisition (via) MCV UK (http://www.mcvuk.com/news/read/hilco-and-opcapita-linked-to-game-acquisition/092671)
Our thanks to 'Kaos2K' for this GAME status update!
http://www.maxconsole.com/maxconsole/contents/RKLS0000004444/icon_xl.jpg
Apart from Gamestop, two new companies are interested in acquire GAME business
Yesterday, we were informing (http://www.maxconsole.com/cgi-bin/maxconsole/rknewz.pl?function=detail&id=RKLS0000004277&cat=GENERAL) you about GAME put up for sale and Gamestop sounding as the more interested company for buying their business. Today, two more companies expressed interest in the retailer. They are Hilco, looking for Spanish and Australian arm and OpCapita (Comet), wanting the UK part of the company.
According to MCV:
Hilco is a retail restructuring company and is reportedly looking at GAME’s international assets including its Spanish and Australian stores. The UK business is not said to be of interest to the firm.
Closer to home, OpCapita is said to be eying up GAME’s UK assets. The company should be known to the games industry following its acquisition of Comet last year for the princely sum of £2.
The potential “synergy” between Comet and GAME is said to be the basis of its appeal, though the obvious question to ask is whether that could potentially see an OpCapita acquired GAME moving away from purely video games sales.
Financial firm Rothschild, which was originally tasked with finding a buyer for GAME’s international operations, is currently involved in efforts to sell the whole company.
What all potential buyers will be aware of, however, is GAME’s tumbling share price. Any buyer will want to ait until the company is worth as little as possible before making a move.
Having fallen to just 0.5p yesterday, GAME’s shares are currently trading for 1.2p.
The most likely outcome at this stage is a purchase post-administration, which could possibly occur as early as this week. This leaves staff in a nervous situation – though an acquisition of some sort is very likely, there are no guarantees concerning which company assets will be saved and which will be ditched. Gamestation seems particularly vulnerable.
NEWS SOURCE: Hilco and Opcapita linked to GAME acquisition (via) MCV UK (http://www.mcvuk.com/news/read/hilco-and-opcapita-linked-to-game-acquisition/092671)
Our thanks to 'Kaos2K' for this GAME status update!