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GameStop and Electronics Boutique announce merger
>> From GamesIndustry.biz:
[QUOTE]
America's largest videogame retail chains, GameStop and Electronics Boutique, have announced their intention to merge in a $1.44 billion deal which will create the world's largest games retailer, with around $4 billion in annual turnover.
The merged company, with GameStop as the surviving entity, will have 3,800 stores worldwide, of which 3,200 will be in the United States - representing the largest game retail chain in the world.
However, according to analyst Gary Cooper at Banc of America Securities, the deal should not trouble regulators in America, since the combined company will still only have some 21 to 22 per cent of the overall market.
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Read the whole article on GamesIndustry.biz.
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