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Time Warner to sell GameTap


Despite earlier claims that the GameTap service was alive and well following the sale of the GameTap editorial division, it appears Time Warner is looking to wash its hands of the entire service, according to Game Daily.

Digging through the Time Warner second quarter earnings, which were released earlier today, reveals this little tidbit of info: "... $18 million noncash impairment of GameTap as a result of Turner's decision to sell its on-line video game business."

Boasting a catalog filled with tons of classic arcade, console and computer games as well as newer titles such as the episodic American McGee's Grimm, it's not yet known what impact the sale will have on the extensive GameTap service itself, nor is there any concrete mention of potential buyers.

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