Video game retail chain GameStop abandons attempt to sell company

BANGALORE, India (Reuters)-GameStop, the world's largest retailers of video games, announced on Tuesday that given up trying to keep up with your sale after failing to find a buyer who offered favorable terms. The company's shares were dropping 26%. As most retailers with physical stores, GameStop suffers from increased competition from online rivals like Amazon.com. Games retailers are still coping with a drop in physical sales of titles, though GameStop has minimized this decline with sales of games and consoles used, in addition to digital products. Last may, the Chief Executive Michael Mauler resigned after only three months in Office, citing personal reasons. In June, the company brought the former Xbox division of Microsoft's Shane Kim as interim President.