, Columnist
No GameStop Buyout, No Surprise
Its business model is under siege and that’s only one problem. Now what?
Time for a restart.
Photographer: Patrick T. Fallon/Bloomberg
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It’s game over for GameStop Corp.’s attempt to sell itself, and I can’t say I’m surprised.
On Tuesday, the video-game retailer said it had terminated efforts to find a buyer because financing was unavailable at terms that acquirers would find acceptable, sending the shares tumbling more than 27 percent. But why a would-be buyer or lender would want to even get near this thing is beyond me.