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GameTap for Sale

The Atlanta Journal-Constitution has word that Turner Broadcasting is seeking a buyer for GameTap, Turner's free and subscriber online game service. This revelation appeared in Turner's second quarter earning results, which also "mentioned an $18 million noncash impairment attributed to the sale of GameTap." As of now no potential buyers have been identified, but Gamasutra (thanks Mike Martinez) got the following optimistic statement from Turner: "There is considerable marketplace interest in the GameTap business and brand," said a Turner spokesperson of the pending sale. "We are considering various strategic options, but have reached no final agreement as yet. When there is a resolution, we will announce it."

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