GamesNews

GameStop Is No Longer Selling The Company, Sending Stocks Plummeting GameStop Is No Longer Selling The Company, Sending Stocks Plummeting

For years now there have been rumors that GameStop was going to promote the enterprise, or that the corporate would ultimately abandon the brick and mortar retail house in favor of digital distribution. These rumors by no means fairly panned out, however final 12 months it regarded like a reasonably good indicator that the corporate was lastly going to observe via and promote the enterprise. Nevertheless, we’re again to the purpose the place the information did not pan out and GameStop has introduced that it will not be promoting the corporate. Solely this time, it got here with a hefty value.

CNBC is reporting that GameStop’s authentic plan to promote the enterprise got here to a halt when the board members realized that there would not be sufficient financing for a potential purchaser, so the promote was scuttled.

Related Articles

Back to top button