Tuesday, January 29, 2019

GameStop Ends Effort to Sell Itself, Sending Stock Plunging

Bloomberg
GameStop Corp. said it has stopped an effort to sell itself, citing a lack of available financing at terms a buyer would find acceptable. The shares tanked 22 percent in early U.S. trading.

The retailer started a strategic review in June and sold its Spring Mobile business as part of that process. GameStop said it is continuing its search for a permanent chief executive officer.. . . more