GAME shares fall as time runs out on lender talks

With any potential deal to save GAME needing to be in place by this weekend, the retailer’s share price has taken a big hit on the markets this morning.

Having closed on Friday at 3.072p, GAME’s share price opened at just 2.5p this morning before falling to 1.6p after just ten minutes.

It has since rebounded to 2.76p.

A sense of urgency is underpinning discussions this week as GAME will likely enter administration at the weekend if no agreement can be put in place.

MCV understands that discussions with suppliers and lenders were ongoing over the weekend but that, at the time of writing, a deal remains far off. It has also been suggested that GAME management has become frustrated with the lenders’ strict stance on payback terms.

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