Feeds

Game denies Dixons bid approach

Game off -even though the fit is good for @jakarta

  • alert
  • submit to reddit

The essential guide to IT transformation

Game PLC boss Paul Lloyd-Roach is denying industry scuttlebutt that the retail chain received an offer for the company from Dixons. Speaking to the UK edition of games trade magazine MCV, he said: "People are always saying that we're about to be sold, but it just isn't the case. Dixons hasn't ever approached us." Usually, this sort of information is retailed through the Regulatory News Service, the London Stock Exchange newswire, that ensures that everyone can get share-sensitive news at the same time -- for a price. But then non-bid = non-story, right? Except that MCV appears to have latched onto something here. Bid or no bid, Game would be a perfect target for Dixons. Dixons is the UK’s biggest consumer electronics and PC retailer, but it is underweight in the entertainment software market. Game occupies exactly the market space that Dixons wants for @jakarta, its new high street retail format dedicated to the games/Internet market. At present, there are a measly 3 @jakarta stores. Dixons will also peddle product through @jakarta on its extraordinarily successful FreeServe Internet service. By buying Game, Dixons could massively accelerate the @jakarta roll-out. Game is the UK’s second biggest dedicated computer games retailer, behind Electronics Boutique. But it has experienced growing pains lately. On January 14, shares in Game slumped 38 per cent to 100.5p, after the company issued a profits warning. It blamed weak Christmas trading on product shortages, and later than scheduled opening of new stores, against a background of booming games software sales. Shares, currently at 101.5p, shows the company has much to do to recover investment sentiment. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.