Tuesday, June 19, 2018

GameStop In The Middle Of Buy Out Talks?

A company that gives you $5 for a week old game and then resells the game for $35. What's not to like? That or this is a scheme to pump up the company's stock.

Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday. Shares of the Grapevine, Texas-based company rose as much as 11 percent to $15.50 on Monday on news of the interest, having been up 2.5 percent earlier in the day. The stock was up 9 percent in late afternoon.