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Retail chain GameStop talk potential buyout

Private investment firms show interest.

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It seems like US video game retailer GameStop Corp is considering a sale. As uncovered by Reuters, the company is already in talks with several private investments firms, one named as Sycamore Partners, but a decision has not been made so far.

Just the reports on the potential move saw an increase of 11% in the value of the company shares, which means a contrast to last week's drop during E3 despite the show being packed with promising games to come in the near future. But the main problem for the chain is that it just isn't selling as many new games at launch as it used to.

GameStop, that also reported a drop in income for the latest quarter, has been hit by online competition on both physical and digital fronts, same as pretty much every other traditional retailer. The news come after 2014's full closure in Spain and other European countries, and the announcement a year ago of 150 stores shutting down.

Retail chain GameStop talk potential buyout


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