It Looks Like Gamestop is Finally DOOMED! - Rant Video
2,329After a very rocky time last year Gamestop attempted to get a buyout. That has now failed and they are scrambling to pick up the pieces. Can they survive or is this game over for GameStop? Let's rant about it!
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"Sad Trio" Kevin MacLeod (incompetech.com)
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GameStop Tuesday announced it was no longer trying to sell the company due to a “lack of available financing on terms that would be commercially acceptable to a prospective acquirer.”
The company didn’t lay out what that meant in terms of the future for the company.
What that means, according to Wedbush Securities analyst Michael Pachter, is that while GameStop may have been able to find investors, they weren’t able to find any lenders who thought that company was a good investment.
“A new console without a disc drive — unlikely, but possible — could kill their business,” Pachter explained. “And all this talk of Amazon, Apple, and Google streaming (video games) causes some to question whether there will be consoles at all.”