GAME's directors throw in the towel
It is looking like 'game over' at GAME, the video games retailer which has been beset by cash flow difficulties and a reluctance on the part of games publishers to supply it with games for sale.
It is looking like 'game over' at GAME, the video games retailer which has been beset by cash flow difficulties and a reluctance on the part of games publishers to supply it with games for sale.
Trading in the company's shares has been suspended, with the board conceding that, in its opinion, there is no equity value left in the group.
The verdict came after the board had assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The board now considers itself unable to assess the business's financial position, and consequently has asked for trading in the company's shares to be suspended.
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
House prices rising fastest in areas with highest crime rates – where does your area rank?
Property prices are higher in safer areas but growing more slowly than in places benefiting from gentrification and buy-to-lets
-
State pension age review launched – could it rise faster in future?
The government has announced a review of the state pension age, after it warned of a “retirement crisis” and revived the Pensions Commission to boost pension savings