Gamestop is looking for a buyout and if one doesn't surface, the longtime video game retailer might be going the way of Toys R' Us. Just last year, the company's financial records revealed an operating loss of $100 million USD. Obviously, such losses are not sustainable.
A press release from the company has disclosed that Gamestop is presently in active talks with a potential purchaser. On the bright side, the news of a potential buyout raised Gamestop's stock prices by 11%.
Gamestop is the last standing bastion of a bygone age, where their stiffest competition were the likes of Funcoland, Babbages, Electronic Boutique and Software ETC. Today, Gamestop is the last, brick-and-mortar franchise video game retailer chain.
In the press release, the company stated that they will not comment further on a potential buyout until the process was entering its final stages.
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