Article printed from InvestorPlace Media, https://investorplace.com/2019/01/gamestop-stock-surges-on-buyout-rumors/.
Executives could take an ax to its bloated store portfolio, which wouldn’t be …
Bloomberg reported the two were interested last September, which followed GameStop's earlier announcement it was pursuing strategic initiatives that could include a sale. The physical video game market has been hurt by Amazon.com and eBay resellers, as well as by the rise of digital gaming. These rumors come from anonymous sources that are reportedly close to the matter. Ghostbusters: Afterlife and more postponed due to COVID-19, Davids Drive-Inn: DOOM Annihilation – Just play the game, Check Out The New Trailer For Attack on Titan Anime, Ex-Arm Manga Is Getting An Anime Adaptation.
In spite of being the largest brick-and-mortar games retailer in the U.S., GameStop has struggled to remain relevant in the wake of digital game sales and popular online retailers such as Amazon offering more competitive pricing and direct shipment to consumers.
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GameStop will likely have to suspend or eliminate the $157 million in annual dividends it pays to stay afloat. GME stock was up 15% as of Friday afternoon. CEO Dan DeMatteo said as much during its earnings report for the second quarter of 2018. Investor Relations. Can GameStop Stay Relevant Through the Next-Gen Disruption? The rumor claims that there are already several private equity firms that are interested in obtaining the company. This material may not be published, broadcast, rewritten, or redistributed.