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Yes, it's that bad: GameStop is officially looking for a buyout

29 days ago   |   By Tech Radar

In what couldn't be a stronger sign of the times, the once unstoppable video games retailer GameStop is officially looking to sell. The company confirmed as much in a press release following an earlier Reuters report saying as much. “GameStop Corp. today confirmed it is in exploratory discussions with third parties regarding a potential transaction,” the press release reads. “There can be no assurance any agreement will result from these discussions. GameStop does not intend to make any additional comments regarding these discussions unless and until it is appropriate to do so.” More...
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GameStop Is Looking To Sell Itself

GameStop Is Looking To Sell Itself

29 days ago   |   By Ubergizmo

GameStop, a major retailer of video games and electronics, has confirmed that it's looking to sell itself. The confirmation comes following a report which revealed that the retailer is in talks with private equity firms about a potential transaction after it received buyout interest. Reuters reported that the company has even hired a financial adviser to assist in these discussions. The company later confirmed the talks itself.
GameStop has sent out a press release confirming that it's in “exploratory discussions” with third parties concerning a potential transaction but it does caution...
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