GameStop Up For Sale As Internet Takes Over Video Game Marketplace

As market trends shift away from physical video game sales in favor of direct downloads, the biggest remaining dedicated gaming retailer is up for sale. GameStop announced Tuesday that the Texas-based company is in "exploratory discussions" with possible buyers. GameStop announced the news in a press release on its website. The release is only three sentences long and gets straight to the point. "GameStop Corp.(NYSE:GME) today confirmed it is in exploratory discussions with third parties regarding a potential transaction. There can be no assurance any agreement will result from these discussions. GameStop does not intend to make any additional comments regarding these discussions unless and until it is appropriate to do so."