An offer from the pair is believed to be more than $1bn according to the Wall Street Journal, which cited people familiar with the matter.
Dave and Buster’s markets itself as a place where adults can eat, drink, play arcade games and watch sports.
The company is currently owned by private equity firm Oak Hill, which bought the business in a $570m deal in 2010.
Dave & Buster’s files to raise up to $150m through an IPO in 2011, but scrapped those plans a year later.
Copyright © 2014 AltAssets