GameStop announced Tuesday in a statement that it will no longer pursue a buyer for the company, which the board had been discussing since June 2018.
"GameStop’s Board has now terminated efforts to pursue a sale of the company due to the lack of available financing on terms that would be commercially acceptable to a prospective acquiror," GameStop said in a statement.
The news comes after reports circulated that two different companies – Sycamore Partners and Apollo Global Management – were competing over acquisition of GameStop, which would have been finalized by February 2019.
from IGN Video Games http://bit.ly/2Rr38Ue
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