Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
September 16, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Report: GameStop ownership to change hands as early as mid-February

Report: GameStop ownership to change hands as early as mid-February

January 10, 2019 | By Alissa McAloon

January 10, 2019 | By Alissa McAloon
Comments
    Post A Comment
More: Console/PC



At least two companies are quietly in the process of bidding for ownership of the physical game retailer GameStop and a sale could be announced as early as mid-February, according to a source familiar with the company.

This is from a Wall Street Journal story spotted by GameSpot that says at least two companies, including Sycamore Partners and Apollo Global Management, are looking at potentially purchasing the retailer, though all three companies declined to comment on the rumors.

This comes during an ongoing rough patch for GameStop. The company has reported falling profits and revenue across many of its recent quarterly reports and, as of last summer, said it was in ‘exploratory discussions’ with external companies regarding a “potential transaction” that, according to a source, also involved Sycamore Partners.



Related Jobs

Disbelief
Disbelief — Cambridge, Massachusetts, United States
[09.16.19]

Senior Programmer, Cambridge, MA
HB Studios
HB Studios — Lunenburg/Halifax, Nova Scotia, Canada
[09.13.19]

Experienced Software Engineer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[09.12.19]

UI Artist
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[09.12.19]

Senior Lighting Artist









Loading Comments

loader image