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.

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.

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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.

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