Jump to content

Gamestop & EB Games Merge


Recommended Posts

From Gamespot:

GameStop Corp. (GME) and Electronics Boutique Holdings Corp. (ELBO), owner of EB Games, announced that their shareholders have green-lighted the merger of the two companies. The approval was the last step in the deal, which was made public in April.

The companies will officially merge over the weekend, and will retain the name GameStop Corp. The deal is estimated to be worth $1.44 billion, and will result in approximately 4,000 retail stores across the globe.

The fusion of the two companies creates the largest retailer focused on gaming, and gives larger retailers, such as Wal-Mart and Best Buy, some heavy competition in the sector. The new company will handle approximately one quarter of the gaming market.

The new company will dominate the used-game market, as GameStop and EB are currently the leaders for preowned games by a wide margin. However, that margin may soon close--Best Buy is currently testing out a used-game program in some of its California and Illinois stores.

Both GME and ELBO were up slightly on the day, 1.81 and .72 percent, respectively.

I suppose this could be a good thing. It'd be nice to get a giant video game chain, maybe get the world to take the media seriously. Hopefully this will get EB Games to make some serious changes though, those stores have been horrid for the last few years.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. To learn more, see our Privacy Policy