GameStop reportedly in talks with buyout firms
The nation’s leading — and struggling — video-game retailer may be looking to leave the public arena.
Reuters reported that GameStop Corp is in talks with private equity firms about a potential transaction after receiving buyout interest. Sycamore Partners is reportedly one of the firms that has expressed interest in the retailer.
GameStop has been struggling in the online-dominated video-game industry. Michael Mauler, company CEO, recently resigned, after only three months on the job. Board member and GameStop co-founder Daniel DeMatteo is serving as interim CEO during the search for a new chief executive
GameStop has hired a financial advisor to assist in in its discussions with the buyout firms, Reuters said.
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Reuters reported that GameStop Corp is in talks with private equity firms about a potential transaction after receiving buyout interest. Sycamore Partners is reportedly one of the firms that has expressed interest in the retailer.
GameStop has been struggling in the online-dominated video-game industry. Michael Mauler, company CEO, recently resigned, after only three months on the job. Board member and GameStop co-founder Daniel DeMatteo is serving as interim CEO during the search for a new chief executive
GameStop has hired a financial advisor to assist in in its discussions with the buyout firms, Reuters said.
Click here to read more.