After Troubled Period, Video Games Retailer Game Group Goes Bankrupt In The UK

It's been on the rocks for months now, but now international video game retailer Game Group looks like it is finally sinking: today the company announced that it is formally entering administration -- another sign of the woes hitting more traditional parts of the gaming world as people turn to new services like cloud-based gaming and mobile apps for their playing fixes. PricewaterhouseCoopers says that it has been named the administrator for the UK and Ireland operations of a series of assets: GAME Group plc, Game Stores Group Limited, Gameplay (GB) Limited, Game (Stores) Limited, Games Station Limited, Game (retail) Limited and Gamestation Limited, and comes after the company suspended shares on the London Stock Exchange last week on March 21.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/IT32w0zfkSc/

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