Esports Entertainment surges as short seller Citron urges buyout by GameStop

Esports Entertainment

25/02/2021 15:32

** Shares of esports betting firm  GMBL.O  jump as much as
38.6% to a more than three-year high of $24.37
    ** Former GameStop  GME.N  short seller Citron Research says
the Reddit favorite should buy GMBL as it would allow GME to
pivot away from its declining retail business and monetize its
large customer base  urn:newsml:reuters.com:*:nL4N2KV4JA
    ** Citron ceased publishing short-seller research earlier
this year following a brutal short squeeze on GME, which it had
a bear thesis on
    ** "As a short seller, that is a story that we would not bet
against even at the current elevated GME valuation," Citron says
    ** GME shares up 35% amid a slew of renewed retail buying
    ** GMBL shares up 176.9% this year, as of Wednesday's close

 (Reporting by Ambar Warrick in Bengaluru)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net;
Twitter: @AmbarWarrick))