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Nation’s largest videogame retailer inches closer to announcing a buyer

GameStop may be sold sooner than expected.

Private equity firms Sycamore Partners and Apollo Global Management are reportedly interested in buying the struggling videogame retailer, and a deal could be announced by mid-February, according to CNBC, which cited the Wall Street Journal.

The increasing pace of digital gaming has taken a toll on the company, forcing GameStop to restructure its business beyond selling new and used video games. These efforts included bolstering store and omnichannel experiences, as well as creating economic partnerships with publishing and platform partners.

In another move to improve its cost structure, the company sold its Spring Mobile business to Prime Communications L.P. in November for $700 million.

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