We went shopping at GameStop and saw why it's struggling in a new era for video games
GameStop announced Tuesday that it is no longer looking to sell the company , a move initially made by the board of directors in June following some C-suite re-shuffling. After Tuesday's announcement, GameStop shares plummeted more than 27%. The gaming store has been suffering for some time now as its game software sales have continued to slip, according to Fortune. We recently visited a GameStop store, and while there were plenty of people shopping there, we saw how its business model could suffer in a new era of video gaming. GameStop announced in a press release on Tuesday that it is no longer looking to sell the company due to a " lack of available financing on terms that would be commercially acceptable to a prospective acquiror." The announcement comes after the gaming store's board of directors initially began looking for potential buyers in June. Following Tuesday's announcement, GameStop's shares plummeted more than 27%. The company ha...