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January 29, 2019

GameStop calls off its search for a buyer, sees a one-day stock dive of 27%

Enlarge (credit: Aurich Lawson / Getty Images)

International gaming retail chain GameStop announced on Tuesday that one major save-the-company decision—to find a private buyer for the company and its subsidiaries—had been called off.

The announcement ushered in the public company’s largest stock-value dip in over 10 years, seeing it plummet in one day from $15.49 to (as of press time) $11.28—a dive of roughly 27 percent.

The Texas-based gaming retailer had been linked to acquisition rumors, as The Wall Street Journal reported earlier this month that multiple private equity firms had been circling GameStop—and its [...]

 
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January 29, 2019

GameStop said this morning that it’s given up on a sale, news that sent stock tumbling.

GameStop said this morning that it’s given up on a sale, news that sent stock tumbling. “GameStop’s Board has now terminated efforts to pursue a sale of the company due to the lack of available financing on terms that would be commercially acceptable to a prospective acquiror,” the retailer said in a statement. Uh oh. 

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January 25, 2019

GameStop Is Cancelling Kingdom Hearts 3 PlayStation 4 Pro Orders

Players are saying that their pre-orders for a limited edition, Kingdom Hearts 3-themed PlayStation 4 Pro console are being cancelled by GameStop, and they’re not happy.

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October 25, 2018

GameStop Wants People To Switch Their Switch For Another Switch

Every once in a while I go on the prowl for deals. I’m a gamer after all, but also a human being with a car loan and overdue heating bills and a weakness for the artisanal pasta that costs three times as much as the generic store brand. Deals matter—without them I’d be forced to replay The Witcher 3 for a third time.…

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