GAME In Talks To Acquire Lending Funds, May Sell Overseas Business

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In an update to yesterdays GAME news, they have issued a statement speaking of the possibility of securing funds from lenders.

“In response to press speculation the GAME Group plc confirms that it is in on-going dialogue with its lending syndicate to reach agreement on revised terms for its facilities,

As part of these discussions, the lending syndicate is reviewing a strategic plan of the company which includes a review of its overseas operations. A further announcement will be provided once discussions with its lending syndicate have concluded.”

What this means is that they may be able to gain funding from lenders in exchange for the sale of their overseas business. Yesterday the state of GAME was in question as Metal Gear Solid HD and NeverDead were pulled from their website due to their inability to purchase new stock.

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Gary A. Swaby Co-founder/UK Managing Editor
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