Feeds

Buyers sniffing round Gameplay

Shouldn't be too long now

  • alert
  • submit to reddit

High performance access to file storage

Gameplay reckons it's got a buyer for its business, the multi-platform games outfit said today.

News of the possible buyout helped lift the troubled company's share price by a whopping 25 per cent earlier today - or about 4 pence a share.

The company said that it had received "indicative and conditional offers from third parties for all or parts of the group".

It has also received interest for a management buyout from certain part of its business.

Negotiations have yet to be completed but the outfit seems confident that it will receive "satisfactory" offers for the business.

And as a result of all this activity the company has delayed the announcement of its interim results, which were due out today.

In, February Gameplay axed 275 jobs and divided its business into two distinct operating divisions - the Technology Division and the Boxed Games Division.

In March, the company's HQ was closed when effluent flooded the basement causing thousands of pounds of damage.

Then, it was "really" in the shit - not to be mistaken for the metaphorical reference used to describe its current state of affairs. ®

Related Stories

Gameplay up for sale
Gameplay still flooded
Cisco pulls proposed 20% stake in Gameplay
Gameplay axes 275 jobs

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.