GameStop Is Looking To Get Bought Out
According to ComicBook.com, the infamous video game store is talking with firms to find out what buyout options they have.
Though there’s been interest before when it comes to people wanting to buy GameStop, including Sycamore Partners, a private equity firm.
According to the data from Business Insider, as soon as GameStop’s whispers at a buyout came to public knowledge, the stocks went up.
BI shared that “GameStop has struggled to keep its footing in an increasingly digital video-game industry that’s being dominated by players like Steam and platform-specific online stores that allow consumers to forego the traditional method of purchasing a physical game disc.”
Considering that the stock has slid backward around 32% and between not only Stream but Xbox Game Pass and PlayStation Now, chances are we’ll see a sale of GameStop relatively soon. Ya know, unless you’re into that PHYSICAL COPY business.