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 Under News | Follow This Author @teh_jackson

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.

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