Shrygue
August 9th, 2007, 20:01
via Games Industry (http://www.gamesindustry.biz/content_page.php?aid=27520)
Following the OFT's statement earlier today that it was to refer the acquisition of Gamestation by GAME to the Competition Commission, the retailer has said that it is "disappointed" with the decision.
In a statement Peter Lewis, chairman of GAME, said, "We are disappointed that the OFT found difficulty in clearing the transaction."
"We firmly believe that a combination of GAME and Gamestation will not give rise to any substantial lessening of competition and intend to vigorously pursue this position before the Competition Commission."
He went on to state the GAME would continue to cooperate fully with the process, and was keen to "demonstrate how this transaction brings very strong consumer, commercial and employee benefits in what is an increasingly competitive market."
Following the OFT's statement earlier today that it was to refer the acquisition of Gamestation by GAME to the Competition Commission, the retailer has said that it is "disappointed" with the decision.
In a statement Peter Lewis, chairman of GAME, said, "We are disappointed that the OFT found difficulty in clearing the transaction."
"We firmly believe that a combination of GAME and Gamestation will not give rise to any substantial lessening of competition and intend to vigorously pursue this position before the Competition Commission."
He went on to state the GAME would continue to cooperate fully with the process, and was keen to "demonstrate how this transaction brings very strong consumer, commercial and employee benefits in what is an increasingly competitive market."