GameStop confirmed they are in formal negotiations with private equity firms about a private buyout of the company. We discuss who is interested in buying GameStop, why they want the company, and at what price they might pay GME shareholders. Subscribe here for more content: http://bit.ly/SubscribeMichaelJay
Full disclosure, I do own GME stock and GameStop is one of the larger positions in my private stock portfolio.
GameStop Corp (NYSE:GME) Q2 2018 Earnings Conference Call September 6, 2018 5:00 PM ET
"GameStop's Board of Directors, with support from outside financial and legal advisers, is conducting a broad range review of strategic and financial alternatives to enhance shareholder value. These options include, among others, a potential sale of the company. We also have several strategic and operational levers that we can pull to grow our business, improve financial performance and drive value for our shareholders.
As such, we are reviewing various scenarios and alternatives, and I can assure you, the board is open-minded in considering the best path forward for GameStop and our shareholders. We are the market share leader in the video game industry, we have a strong business model and we generate significant cash flow, all of which makes us a compelling and attractive investment.
It is important to note, however, that this process may not lead to any specific transaction. We look forward to communicating to you at the conclusion of the board's review and appreciate your understanding that we do not intend to comment further regarding the process until that time. Given that activity, we are not likely to name a CEO until these discussions and the process have concluded and we have a clear path forward."
Shane Kim - Interim CEO & Director on private buyout negotiations
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