The Grapevine, Tex.-based company said Friday that it "is refuting inaccurate reports that it has made a bid for real estate being sold by the administrator of British retail chain Woolworths.
"Claims originating from games industry publication MCV hold no merit and are completely inaccurate."
Analyst Mike Hickey with Janco Partners expressed doubt about such a deal when contacted by Edge yesterday. He noted that Woolworths locations are "considerably larger than GameStop’s needs," and that GameStop "would also likely need to raise considerable capital to do an acquisition, which is not consistent with the health of the current credit markets."
MCV did not comment on GameStop's denial. The site's original piece cited an anonymous source who said, "[U.K. retailer] GAME frustrated GameStop when it bought GameStation. Bosses at GameStop had pretty much given up on launching a U.K. assault – but now, thanks to Woolies, that door is open again. They’re up against other bidders, but they’ll fight tooth and nail.”
Woolworths has confirmed that it is in talks with unnamed multiple parties.