No buyer yet for GAME Australia

PriceWaterhouseCoopers, administrators for GAME Australia, today announced some interest, but no solid buyer yet for the company.

In a statement released today, PwC outlined that its first meeting with GAME’s creditors took place yesterday after the deadline was reached for expressions of interest in buying the company out.

At the meeting, a resolution was passed to create a committee of creditors to liaise with PwC as proceedings continue, and a date for the next official meeting was confirmed to be ‘on or around’ 19th June.

Kate Warwick, administrator for GAME, said: "Despite the very challenging circumstances facing the retail sector, we have received various expressions of interest for parts of the business, including a number of parties expressing interest in the business as a going concern."

"We are currently exploring the possibility of achieving a continuity of the business as a going concern with the company’s many landlords who appear pivotal to any continuation."

MCV Pacific has the full story.

For more on the GAME Australia administration,click here.

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