GameStop is considering making new acquisitions in order to boost its foothold in the digital distribution market, according to comments made at a recent analyst meeting.
Few details of the plans were offered but according to Lazard Capital Markets analyst Colin Sebastian, via website Industry Gamers, GameStop intends to become "the world's largest digital aggregator".
The company also plans to increase sales of in-store digital point cards for the various console download services. It will also increase its existing PC download operations for both hardcore and casual titles, which have seen revenues double year-on-year.
No hints were given as to the size or identity of any potential aggregator the company may be seeking to acquire, or the time frame in which they may be intending to make the move.
The news follows a run on GameStop stock earlier this week, when the price fell by 8.9 per cent after Janney Montgomery Scott lowered the company's stock rating from "buy" to "neutral". Lazard Capital Markets though has kept its rating at "buy", while GameStop itself has chosen not to revise its full year financial estimates.