GameStop Confirms They’re In Exploratory Negotiations For Buyout

Announced as stocks slide to $15.71 Market Value, or $3.00 trade in credit.

Posted By | On 21st, Jun. 2018

It’s no real secret that Gamestop has fallen on some hard times, being hammered on all sides from Digital distribution and online retailers like Amazon, certainly not helped by a general consumer disgust towards their business model of pushing preorders to the detriment of everything else. Now it’s looking like rumours of an acquisition may have been accurate.

Through a press release released today, GameStop has confirmed that the company is conducting “exploratory discussions” with interested third parties, though they may or may not have anything further to say on the matter, depending on how these discussions pan out. 

The press release isn’t very long, just ending off with the company making quite clear that it will not be commenting further on the discussions unless and until it’s appropriate to do so, which in layman’s terms means if somebody buys them. How do you feel about this buyout possibility? Let us know down in the comments below.


Keep On Reading!

Virtua Fighter Crossroads is An “Open Sandbox RPG,” Says Producer, Where “Player Choice Matters”

Virtua Fighter Crossroads is An “Open Sandbox RPG,” Says Producer, Where “Player Choice Matters”

RGG Studio's Riichiro Yamada also promises a "lot of side content", including "side quests with the old cast" ...

Star Wars Eclipse “Simply Cannot Be Completed” if Quantic Dream Proceeds With Layoffs, Say Devs

Star Wars Eclipse “Simply Cannot Be Completed” if Quantic Dream Proceeds With Layoffs, Say Devs

After announcing layoffs for 115 employees following the failure of Spellcasters Chronicles, developers are st...

Dinoblade Launches on July 23rd, Prehistoric Souls-like Combat Showcased in New Trailer

Dinoblade Launches on July 23rd, Prehistoric Souls-like Combat Showcased in New Trailer

What began as a humble series of animations by Jean Nguyen back in 2022 has evolved into a full-fledged PC tit...

Grand Theft Auto 6 Has Seen “Record” Pre-Orders on Xbox Series X/S, Clarifies Microsoft

Grand Theft Auto 6 Has Seen “Record” Pre-Orders on Xbox Series X/S, Clarifies Microsoft

An Xbox spokesperson said that recent estimates "don't represent pre-order data" and that people should "wait ...

Grand Theft Auto 6 Won’t Get a Disc-Based Physical Copy, Despite Recent Reports – Rumor

Grand Theft Auto 6 Won’t Get a Disc-Based Physical Copy, Despite Recent Reports – Rumor

A "source with knowledge of the plans" told The Hollywood Reporter that it's not on the cards, either at launc...

Assassin’s Creed Black Flag Resynced Showcases Havana’s Astonishing Glow-Up and Authenticity

Assassin’s Creed Black Flag Resynced Showcases Havana’s Astonishing Glow-Up and Authenticity

From changes in lighting due to nightfall or different types of rainfall and winds, the city looks better than...