Video-game retailer GameStop Corp. has agreed to buy rival Electronics Boutique Holdings Corp. for about $1.4 billion in cash and stock, creating a chain of about 3,800 stores worldwide. The deal would combine two companies of similar size and sales. Grapevine-based GameStop operates about 1,800 stores and had revenue of $1.84 billion in its last fiscal year. Electronics Boutique, based in West Chester, Pa., runs about 2,000 stores and had sales last year of $1.99 billion. The companies compete against big general retailers such as Wal-Mart Stores Inc. Movie-rental chain Blockbuster Inc. is also seeking more of the game market. Read the article at MSNBC.
cool, we used to have an electronics boutique in town, was the only specialised game shop but then GAME bought it. Now it is still GAME but we have a GameStation just around the corner from it with usually cheaper game prices.
