I'm so happy Ryan found Canada "too woke" and sold GameStop's Canadian branch. Only good thing he's done because now it's rebranded back to the proper EB Games name and owned by Canadians

Don't worry. I'll teach you some basic economy. If you have more costs than income you should try to either increase the income, decrease costs, or even better - both. That's what he did

Relevant comment from Hacker News:

This is just a leverage buyout and it will likely result in the slow death of both parties while there is value extraction for those in control. Think Sears, Toys R US and similar.

The CEO has a very specific deal where he gets paid significant compensation for specific valuations, which this is likely to achieve. That is value extraction at the cost of shareholders who will be on the hook for the leveraged loan and which will likely wipe them all out over time.

Well if the rent and costs are higher than revenue, it'll bleed and eventually kill the business. Bricks and Mortar stores don't make as much as before.

How many GameStop shops do you actually need near you? Sounds like your area was oversubscribed.

Many great brands have died to Amazon in the UK. One day, we'll only have these big shitty businesses. Anything that can keep bricks and mortar stores in business is probably necessary.

Didn't expect them to be buying eBay though. That came out the blue.