Feeds

Gameplay up for sale

The sign's in the window

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Gameplay, the troubled multiplatform games outfit is up for sale.

Following informal chats with prospective buyers Gameplay's board has appointed Commerzbank Securities to assist the process.

In a statement, Gameplay's board said it "remains committed to positioning Gameplay at the forefront of digital delivery of games but is equally committed to maximisation of shareholder value particularly in the light of stockmarket conditions and the Company's current share price."

It sounds like sell, sell, sell.

Gameplay's board "believes that the current market valuation does not reflect the true underlying performance or potential of Gameplay".

On February 2, Gameplay announced it was axing 275 jobs as part of cuts saving £12.5 million a year. The Group was divided into two distinct operating divisions: the Technology Division and the Boxed Games Division.

Gameplay's interim results are due on April 30. ®

Related Stories

Gameplay axes 275 jobs

Gameplay still flooded
Gameplay HQ flooded

The Essential Guide to IT Transformation

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
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
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
prev story

Whitepapers

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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.