Feeds

Comet and Walmart battle for Game

Bidding begins

5 things you didn’t know about cloud backup

Walmart and Comet have emerged as bidders for troubled high street games retailer Game.

The US retail giant is rumoured to have offered 12p per share for the company, while Comet owner OpCapita is also believed to have expressed an interest in acquiring Game, MCV reports.

Paying 12p a share would value Game at £40m. But no matter which company eventually snags the retailer, it has a serious mission ahead to turn things around.

Game shopGame

Game has faced a difficult times recently after a number of major publishers refused to take the risk of stocking the outlet with their releases. Game's shares subsequently dropped as low as 0.5p each.

The firm was then forced to put itself up for sale or face administration when its bank comes knocking for payments due in a couple of weeks' time.

Update
It was announced this morning that finance giant Goldman Sachs swooped to buy Game stock on 12 March, acquiring just over 13m shares. This entitles it to 3.78 per cent of Game's voting rights. Investment firm Blueshore Global took an eight per cent share yesterday. ®

The essential guide to IT transformation

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
HUGE iPAD? Maybe. HUGE ADVERTS? That's for SURE
Noo! Hand not big enough! Don't look at meee!
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
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.