GameStop Gets Boost From Microsoft Partnership
GameStop (NYSE: GME) is partnering with Microsoft (NASDAQ: MSFT) to bring the tech giant's cloud-based business solutions and applications to the video game retailer's back-office operations.
Thursday's announcement sent GameStop's shares soaring 44% higher -- helped along by a likely short squeeze as 136% the retailer's outstanding shares were sold short -- but the deal also suggests GameStop can better cope with the industry's transition to online and digital gaming.
Image source: Microsoft.
Source Fool.com
