Gaming News, Game Reviews, Game Trailers, Tech News



 
 

How much is that GameTap in the window?

0

Although the vice president of GameTap had recently stated that things were going great despite the entire editorial team being laid off, it looks like parent company Turner Broadcasting System didn’t share a similarly positive outlook, as it has reportedly decided to sell off the online game service.

A financial report from Time Warner (the parent parent company of GameTap) released today stated that, "The current year quarter included an $18 million noncash impairment of GameTap as a result of Turner's decision to sell its online videogame business.” Ouch.

The ever positive GameTap doesn’t seem too fazed by this decision, though. “There is considerable marketplace interest in the GameTap business and brand. We are considering various strategic options but have reached no final agreement as yet. When there is a resolution, we will announce it,” a brave-faced representative told Edge Online.

Considering GameTap’s size, catalog, and potential I do find it pretty likely that someone will scoop it up eventually. I guess we’ll just have to wait and see which entity decides to make the purchase, and what sort of changes might be forthcoming.

[Thanks, Joe]


The article continues below. Login to skip ads, get faster mobile, and dibs on betas
 
 

 

TwitterRedditEmailFacebook
 
Justin Villasenor // Profile & Disclosures
Fronts187Blogs 53Following19Followers61

all, the name's Justin and I've been hanging around Destructoid since late I joined the staff in 2007 as a News more


 



#Gametap #News #PC
 


READER COMMENTS LOADING BELOW...

Please login (or) make a quick account (free)
to view and post comments.



 Login with Twitter

 Login with Dtoid

Three day old threads are only visible to verified humans - this helps our small community management team stay on top of spam

Sorry for the extra step!

 
spacer