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.

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Source Fool.com