Game group

GAME acquired in the UK, saving over 3200 jobs

Chris Thursten at

UK high street retailer GAME has found a buyer, safeguarding more than 3000 jobs and keeping its 333 remaining stores open. The buyer, Baker Acquisitions Limited, have been advised by private investment firm OpCapita who also own Comet. In a press release, Administrator to the Game Group Mike Jervis described the sale of GAME as a positive sign in a troubled economy. "This means that the GAME brand will not be another one of the retail names disappearing from the high street in the current difficult climate" he said.

Ex-managing director of Gamestation Martyn Gibbs has been named as GAME's new CEO, despite having left the firm in July last year. "I am delighted to be leading GAME back to success," he said, as reported by MCV. "Our immediate priority is to help the GAME and Gamestation teams, so they can give our customers a great Easter in our stores and websites."

GAME delisted from stock exchange, files for administration

Tom Senior at

The mournful collapse of the UK's main UK gaming retailer, GAME, is almost complete. This morning GAME's board declared that there was "no equity value left in the Group," and removed the company from the stock exchange. Now MCV report that they've filed for administration.

The stores will keep selling games for now as Game's bosses decide what to do with the hundreds of stores they have across the UK and Europe. MCV claims that the group is planning to cut off a number of international stores, close down most of their Gamestation stores, and relaunch as a rebranded, streamlined operation.

UK retailer GAME won't stock Mass Effect 3, or any EA title after console SSX

Rich McCormick at

Panic stations for people who've pre-ordered their copy of Mass Effect 3 from GAME or Gamestation: the UK-based retailer won't be stocking any EA games in the month of March after PS3 and Xbox 360-only title SSX. That includes Mass Effect 3.

Eurogamer spotted the news this morning, in a memo sent around GAME Group employees. For PC gamers, the news means we won't be seeing any new EA titles for release in both GAME and Gamestation this month. Keen speculators would assume that drought would continue beyond March.

GAME strikes deal with lenders to secure future

Tom Senior at

The GAME retail chain has been having a serious wobble this week. Yesterday we mentioned concerns over their ability to stock future releases amid reports that the company had lost credit insurance with major publishers. Today, MCV reports that the chain has successfully struck a new deal with lenders that ensures they'll be able to keep trading.