GameStop "focused entirely on competing digitally in the UK"

March 23rd, 2012, 00:00 Posted By: wraggster

Speaking to investors following the publication of its most recent fiscal results, GameStop has seemingly ruled out the chance of a GAME takeover in the UK.
“Having closed all of our UK stores, we are focused entirely on competing digitally in the UK," GameStop International’s executive VP Mike Mauler stated.
However, the exec did also state that the company “will continue to evaluate the market and opportunities".
When asked directly about a possible acquisition of GAME, GameStop – while not ruling a move out – refused to comment directly, saying it was focusing on its own business.
The claims seemingly contradict information passed to MCV claiming that GameStop is actively engaged in GAME negotiations, with a potential deal being held up by GAME overseas operations.
The company also confirmed earlier that it “expects to open international stores opportunistically” in the year ahead.
Elsewhere in the call, GameStop made it clear that it is not expecting any new hardware to be launched in 2012. It also played down concerns that the next Xbox console could drop a physical disc drive, saying that it has been able to adjust to all market changes to date.
It has also not factored in a proposed Grand Theft Auto V release for the current calendar year.

http://www.mcvuk.com/news/read/games...-the-uk/093226

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