A new rumor seems to suggest that retailer GameStop is looking for a new CEO to transform the company into a fully online business.
Gamestop have continued to fail to find a buyer, leading to the company’s worst decline in share price since May 2018, a fall of 9.9 percent.
Gamestop is in talks regarding a buyout with investment firms. Today it confirmed that it is indeed talking with firms about a potential transaction.
Reuters have recently reported that Gamestop are in buyout talks with potential investors. These reports pushed share prices up by 11 percent.
Shane Kim, former Microsoft executive, has become the interim CEO of GameStop. The retailer is continuing to look for a permanent replacement while Kim takes the reins for the time being.