Feeds

Game denies Dixons bid approach

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

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

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. ®

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.