Report: GameStop In Talks With Acquisition Firms

Posted on by Ryan

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According to a new report by Reuters, GameStop are holding talks with some private equity firms that could lead to a potential buyout of the company.

Some who wish to remain anonymous said that GameStop have hired a financial advisor to assist them with these negotiations. While it’s unknown exactly how many firms have approached the company about a buyout, one of these companies is Sycamore Partners

Since these reports surfaced, GameStop saw an 11% increase in stock value during Monday’s trading day.

This comes after the now former CEO Michael Mauler stepped down last month after only 3 months in the position and have seen their stock value dropped in half over the past year.

 

Neither GameStop nor Sycamore have commented on the matter.