GAME Group Ltd’s chief executive, Lisa Morgan (pictured) has defended the retailer's recent acquisition of its erstwhile rival and - according to the
SPOnG Forum at least - hardcore-gamers favourite, Gamestation, from Blockbuster.
Our first thought in the SPOnG office when the news broke on Wednesday was that surely the Monopolies and Mergers Commission would soon be sniffing around the deal.
However, Morgan told
MCV today that, “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.”
Morgan also stressed that the deal would NOT lead to widespread store closures, claiming:
“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.”
Which is your favourite local game store? Tell us more about your thoughts on GAME, Gamestation or – more interestingly – why some of you choose to stick with your local indie retailer, as many doom-mongers are predicting that this deal surely could be the death knell for that sector.