GameStop Is Discussing Potential Buyout

The struggling retail chain is speaking with private equity firms.

By
Gaming
9,190 Hypes 10 Comments

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.

In related news, Steam will soon be on your smartphone.

Read Full Article
Source
Techcrunch

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

101 Users Online

What to Read Next

Kanye West Releases Lyric Videos for "Violent Crimes" and "All Mine"
Music

Kanye West Releases Lyric Videos for "Violent Crimes" and "All Mine"

Two of the standouts from ‘ye.’

Slam Jam Announces Pop-Up for Paris Fashion Week
Fashion

Slam Jam Announces Pop-Up for Paris Fashion Week

Teaming up with Martine Rose, Stüssy and Cav Empt.

You Will Now Be Able to Play All Your Retro Games on One System
Gaming

You Will Now Be Able to Play All Your Retro Games on One System

Everything from NES, SNES, Sega Genesis to PlayStation.


Dr. Dre Is Developing a New Marvin Gaye Movie
Entertainment

Dr. Dre Is Developing a New Marvin Gaye Movie

There’s no release date just yet.

Apple Fined $6.7 Million USD for Misleading Customers
Tech

Apple Fined $6.7 Million USD for Misleading Customers

Relating to the Error 53 bug.

The Meijie Mountain Hotspring Resort Is the Ideal Getaway
Design

The Meijie Mountain Hotspring Resort Is the Ideal Getaway

Located in China.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.