Game retailer GameStop says it can’t sell itself, sees stock dive 27%

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International gaming retail chain GameStop announced on Tuesday that one major save-the-company decision-to find a private buyer for the company and its subsidiaries-had been called off.

The announcement ushered in the public company's largest stock-value dip in over 10 years, seeing it plummet in one day from $15.49 to (as of press time) $11.28-a dive of roughly 27 percent.

The Texas-based gaming retailer had been linked to acquisition rumors, as The Wall Street Journal reported earlier this month that multiple private equity firms had been circling GameStop-and its subsidiaries, including the merch-focused ThinkGeek and the gaming magazine Game Informer. That report had suggested a deal might close by mid-February.

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