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GAME in "dialogue" to secure lending, may sell-off overseas business

Patrick Garratt avatar
News by Patrick Garratt Founder & Publisher (Former)
Published on

UK retailer GAME confirmed in a statement today that it's in talks with lenders to secure more funds, following news yesterday that the firm's credit insurance is in jeopardy.

"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," said the company.

"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."

It was seen yesterday that both MGS HD and NeverDead had been pulled from the GAME website.

MCV reported behind-the-scenes worries as the store chain is facing “challenges” with its credit insurance. NowGamer posted a similar story yesterday.

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About the Author
Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.
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