Rewired
19 Apr 2005, 4:04pm
The two top specialty game retailers in the US, GameStop Corp. and Electronics Boutique Holdings Corp. announced they have signed a “definitive merger agreement.”
Though technically a takeover, the GameStop-EB merger met with glowing approval from both parties. "This transaction makes a tremendous amount of sense from an operational, cultural, and synergistic perspective," said EB CEO Jeffrey Griffiths. "We will now be in an even better position to broaden our reach and generate further efficiencies for our business and our customers."
Source: GameSpot (http://www.gamespot.com/news/2005/04/18/news_6122418.html)
Though technically a takeover, the GameStop-EB merger met with glowing approval from both parties. "This transaction makes a tremendous amount of sense from an operational, cultural, and synergistic perspective," said EB CEO Jeffrey Griffiths. "We will now be in an even better position to broaden our reach and generate further efficiencies for our business and our customers."
Source: GameSpot (http://www.gamespot.com/news/2005/04/18/news_6122418.html)