Be satisfied that I couldn’t think of an unforced joke, here.
Gamestop is seriously considering selling their business off to another company. They’ve recently been working with Perella Weinberg Partners to figure out the particulars of such a sale. This isn’t the first time such a thing has been floated by, but it is the closest to an actual sale they’ve gotten.
And while nothing’s set in stone, just the mention of a potential sale has sent their stocks soaring by 16%. There are, however, two firms interested in acquisition of GameStop. Sycamore Partners LLC and Apollo Global Management LLC are both interested in winning a bid for the company. Sycamore Partners LLC might be the better fit; they already have a number of retail stores in their portfolio, like Hot Topic, Staples, and Nine West. Regardless of how things go along, this might be GameStop’s big chance to stick around.
Source: wccftech
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