Buyers Set Sights on GameStop, Which Needs to Reduce Its Debt Fast - Videogames Blogs

Buyers Set Sights on GameStop, Which Needs to Reduce Its Debt Fast



According to the Wall Street Journal, private equity firms Apollo Global Management and Sycamore Partners are reportedly bidding to acquire GameStop. A deal could be made as early as mid-February 2019.

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GameStop has $817 million in debt to reduce, and analysts are recommending the company closes some stores and goes private in order to alleviate the pressures of diversifying its revenue, even during what?s clearly a financial hardship for the company. Although GameStop...
URL: http://www.playstationlifestyle.net

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