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 Gamestop to buy out Electronic Boutique
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lotusson

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Gamestop to buy out Electronic Boutique - Apr 19, 2005 09:40
http://www.gameinformer.com/News/Story/200504/N05.0418.1910.06795.htm


Today GameStop announced it would buy competitor Electronics Boutique Holdings Corp. for $1.44 billion in cash and stock. The combination of these two companies would amount to 3,200 stores in the United States and 600 stores abroad. The aquisition would make GameStop a larger videogame retailer than competitor Wal-Mart.

Electronics Boutique shareholders will receive $38.15 in cash and 0.78795 shares of GameStop Class A common stock for each Electronics Boutique share, the companies said.


Wow, that' s pretty big. I hope this doesn' t mean reduced trade in value now that Gamestop has almost zero competition from other videogame stores.

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