{"id":417471,"date":"2010-03-11T16:29:00","date_gmt":"2010-03-11T21:29:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/is-there-a-deal-in-the-works-for-gamestop-2010-3"},"modified":"2010-03-11T16:29:00","modified_gmt":"2010-03-11T21:29:00","slug":"is-there-a-deal-in-the-works-for-gamestop","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/417471","title":{"rendered":"Is There A Deal In The Works For Gamestop?"},"content":{"rendered":"

\"gamestop<\/p>\n

When the rumor began circulating <\/a>earlier this week that Gamestop might be an acquisition target, we initially were skeptical. <\/p>\n

The stock rose 5.85% today. Volume on the options markets exploded. Even with Gamestop due to report earnings next week, this extraordinary activity seems to indicate that someone thinks there might be a deal in the works.<\/p>\n

Now there’s a bit more evidence of a possible deal. We spoke to Gamestop’s M&A lawyers at Bryan Cave LLP today, and they were very busy. The secretaries of two different attorneys who have worked on Gamestop M&A deals in the past told us the attorney we were calling was on a conference call. The phones of five others went directly to voicemail.<\/p>\n

One secretary put us on hold when we mentioned we were calling about “the Gamestop acquisition,” and it seemed from our conversation with her that she was familiar with a deal in progress.<\/p>\n

So the entire Gamestop M&A deal team at Bryan Cave seems to have been on a conference call at the same time. <\/p>\n

Of course, they could be working on a completely unrelated deal. <\/p>\n

Eventually, a partner at Bryan Cave called us back. We asked him for a comment on the Gamestop acquisition.<\/p>\n

“I cannot really comment on that,” he said.<\/p>\n

Not a lot to go on, we know. But if you read between the lines, it is at least suggestive.<\/p>\n

<\/p>\n

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