Game in talks with third party over new funding

In a statement to the Stock Exchange Game said: “The Board of Game confirm that a third party has shown interest in providing additional funding for the company.

“The third party is seeking a dialogue with the Group’s current lenders, however there is no certainty to the outcome. At the same time, the Board remains in its own discussions with its current lenders as it continues to conduct a review of its business and assets.

“It is uncertain whether any of the solutions currently being explored by the Board will be successful or will result in any value being attributed to the shares of the Company.”

Game did not give details on who the third party is. GameStop is thought to have held discussions with the retailer, as well as Hilco, Walmart and Opcapita.

Game acknowledged doubts over its future on Monday after some suppliers opted not to supply some key games titles. It said in a statement that its shares could lose all their value.