GAME not worried about the “monopoly talk”
Since GameStation was picked up by GAME for £ 74 million, a lot of people have been talking about a possible investigation by the Competition Commission over its larger market share and possible monopoly. GAME is unfazed by this talk and isn’t worried about it. Why?
GAME’s chief executive Lisa Morgan spoke to MCV regarding this, and stated that the company believes everything is in order with regards to their purchase of the franchise.
Blockbuster would not accept an offer that had any potential conditions attached to it. The deal will be subject to a regulatory review process and that will be an ongoing process during the first ten weeks. We have taken considerable advice in this area and we are confident and comfortable to proceed.
So given this new information, we have to wonder what the mega retailer has planned for their new acquisition. While some have speculated that a massive closing of stores will happen, Morgan assured that this wouldn’t happen. In typical PR fashion, she stated that “we are looking forward to putting new GAME and Gamestation stores into the market. This transaction is not about store closures – this is about bringing a second brand into the fold and serving more customers.”
All well and good if it pushes through. Now, what if an investigation is held and the Competition Commission finds Game to be holding too much of the market, what happens then?
Via MCV
Since GameStation was picked up by GAME for £ 74 million, a lot of people have been talking about a possible investigation by the Competition Commission over its larger market share and possible monopoly. GAME is unfazed by this talk and isn’t worried about it. Why?
GAME’s chief executive Lisa Morgan spoke to MCV regarding this, and stated that the company believes everything is in order with regards to their purchase of the franchise.
Blockbuster would not accept an offer that had any potential conditions attached to it. The deal will be subject to a regulatory review process and that will be an ongoing process during the first ten weeks. We have taken considerable advice in this area and we are confident and comfortable to proceed.
So given this new information, we have to wonder what the mega retailer has planned for their new acquisition. While some have speculated that a massive closing of stores will happen, Morgan assured that this wouldn’t happen. In typical PR fashion, she stated that “we are looking forward to putting new GAME and Gamestation stores into the market. This transaction is not about store closures – this is about bringing a second brand into the fold and serving more customers.”
All well and good if it pushes through. Now, what if an investigation is held and the Competition Commission finds Game to be holding too much of the market, what happens then?
Via MCV