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GameStop to purchase EB Games

Video game retailer GameStop has announced plans to purchase rival retailer EB Games for $1.44 billion. The company will be renamed as GameStop Corp. and will become the leading video game retailer in the United States with over 3,200 stores located nationwide.

The agreement also adds to the international retail reach of GameStop Corp., with 600 international stores located throughout Australia, Canada, Denmark, Germany, Ireland, Italy, New Zealand, Norway and Sweden.

"This merger, which is a very positive step for GameStop, will enable us to enter new international markets and allow us to compete more effectively in the highly competitive U.S. video game industry," R. Richard Fontaine, GameStop's Chairman and Chief Executive Officer, said. "We are merging these two companies from a position of strength. Each organization is performing very well now, and we will be able to do more together by extending geographic reach, improving customer service, and continuing our aggressive store growth plans."

The board of directors at Electronics Boutique have unanimously approved the transaction.

"Our focus at Electronics Boutique has been to be a leading global retailer of video games and by combining our company with GameStop, we are taking further strides towards reaching that goal," Jeffrey Griffiths, Electronics Boutique's President and Chief Executive Officer, said. "Moreover, this transaction makes a tremendous amount of sense from an operational, cultural, and synergistic perspective. We will now be in an even better position to broaden our reach and generate further efficiencies for our business and our customers.

The merger is subject to approval by shareholders of GameStop and Electronics Boutique.


  • jimothypetrojimothypetro Member Posts: 1,437

    Hmm... I thought they were already part of the same company...



    "There is no reason anyone would want a computer in their home."
    -- Ken Olson, chairman of Digital Equipment Corp, 1977

  • XavonXavon Member Posts: 334

    Well, EB sold all thier UK branches off a few years back, so I suppose it was kind of inevitable.

    In other news: ADOBE HAVE BOUGHT MACROMEDIA!!!!!!!!!!!!!!!!!!!!!!!!

  • SerienSerien Member CommonPosts: 8,460

    your favorite game store is being bought by your worst digity!


    Frankly I don't really see much of a difference to them, but it's survival of the fitess huh?

  • HelixwolfHelixwolf Member Posts: 345
    Doesn't matter much to me, I really don't shop with either, especially EB because the one cloest to my house is horrible. Some of the employees who work there have atitudes and treat you like your a copy right criminal if you try to return something you don't like. So, my business is with Bestbuy, Game Crazy, and of course Ebay when it comes to purchancing games and what not.image


  • SatansDiscipleSatansDisciple Member Posts: 2,782

    I always thought that EB did better... oh well, never saw much of a difference either. I'll still stick to my small local games store.

    And I don't feel like making a new topic, and it probably effects less people here, but I thought this was interesting:


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