GameStop Surges on Report About Potential Private Equity Deal
- Sycamore Partners expressed takeover interest, Reuters says
- Brick-and-mortar chain has been hurt by downloadable games
An employee assists customers inside a GameStop Corp. store in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
GameStop Corp. rose the most in more than three years on a report that the beleaguered video-game retailer has drawn takeover interest from private equity firms.
The chain attracted interest from such firms as Sycamore Partners, Reuters reported on Monday. That sent the shares up as much as 13 percent to $15.78, marking their biggest intraday gain since January 2015.