The writing appears to be on the wall for increasingly troubled UK videogame retailer GAME and its subsidiary Gamestation. Its share value has fallen dramatically to less than 1 penny, and it allegedly put itself up for sale over the weekend. Doesn’t sound as though Mass Effect 3 will be the only big game it doesn’t stock either, with an official statement today claiming that GAME “remains in discussions with its suppliers and lenders in relation to terms of trade that allow the business to operate within the facility provided by its banking syndicate… While these discussions are on-going, it has not been possible to source new products from a number of suppliers.”

The company’s also seeking “alternative sources of funding and reviewing the position of all of its assets in the UK and international territories. 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.”(more…)