syngod
Moderator
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.
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.
