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GameStop Is Discussing Potential Buyout

GameStop Is Discussing Potential Buyout

GameStop has had issues for some time now and now it is in talks for a potential buyout. Speaking to a number of private equity firms, it’s thought that one of the companies is Sycamore Partners and that GameStop has hired a financial advisor to help a possible deal.

The retailer has struggled to find its footing in recent years, with competition from Amazon and Steam biting into the bottom line. The news comes a month after investor Tiger Management requested a review of its business model and CEO Michael Mauler resigned after three months in the position, citing personal reasons. Since then Shane Kim, Microsoft Xbox executive, has been interim CEO.