GameStop interested in acquiring GAME?

1 Mar 2012

Video game retailer GameStop is reportedly interested in buying troubled retailer GAME, however, it is not interested in the group’s Australian chain. GAME said it was unable to stock EA Games as it tries to refinance itself.

MCV reports that GameStop, which runs more than 6,600 stores in 17 territories, is interested in purchasing GAME, but it doesn’t want its Australian chain as it doesn’t wish to double up on its EB Game stores in the region.

GAME caused controversy this week after it confirmed that it won’t stock a number of EA games after snowboarding title SSX is released.

This includes the highly-anticipated Mass Effect 3 along with FIFA Street 3, Tiger Woods 13 and Sims 3 Showtime.

According to Eurogamer, GAME told its shareholders that its current stock issue with EA was “temporary” and that it was working to ensure that this does not happen again.

The retailer has been struggling recently, expecting a stg£18m loss in the year to 31 January 2012. There were concerns it may breach its EBITDA test after it saw fewer sales over Christmas, but it said support from its shareholders and lenders will help avoid this when they are tested on 27 February.