Buyers sniffing round Gameplay

Shouldn't be too long now

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. ®

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