Deals
GameStop Tumbles as Investors Lose Hope in Buyout Deal Emerging
- Takeover speculation had fueled rally in recent months
- Barron’s cover story highlights challenges facing industry
An employee assists customers shopping for Microsoft Corp. Xbox 360 video games inside a GameStop Corp. store in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
GameStop Corp. suffered its worst stock decline in more than three months as investors lost hope that the embattled video-game retailer will clinch a deal to be acquired.
The shares fell as much as 9.9 percent to $14.91 on Monday, the biggest intraday plunge since May 18.