GameStop buying EB Games

Mike 19 Apr, 2005 at 11:04am ET Article published in Tech

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

Comments

19 Apr 2005 ~ 11:23am Linc Is this software merger week or something?
19 Apr 2005 ~ 12:04pm Private_Snoball I think it is, who's next? Microsoft and Apple merge?
19 Apr 2005 ~ 12:07pm froggeh

I think it is, who's next? Microsoft and Apple merge?

That thought is a scary one. I go to Gamestop more than EB so I don't really mind.
19 Apr 2005 ~ 1:05pm Thrax He said synergistic. What a god damn business nerd.
19 Apr 2005 ~ 1:45pm CyrixInstead Lol thought that myself. Synergistic = word of the week .

~Cyrix
19 Apr 2005 ~ 5:40pm TheSmJ I thought they were already owned by the same parent company or something?
19 Apr 2005 ~ 5:56pm Thrax Yeah, my EB Games gift card has a gamestop EULA on the back.
19 Apr 2005 ~ 7:09pm BuddyJ

TheSmJ wrote:

I thought they were already owned by the same parent company or something?

Ewww. Thats gross. Cuz that makes them brother and sister.

This merger is only approved in Arkansas.
23 Apr 2005 ~ 11:15pm yagga I would actually care if I went to Funkoland still, but ever since they got rid of their used games department (basically the whole store)/changed name to GameStop I quit going, oh and EB is always higher priced then somewhere like hmm... just about anywhere else, except maybe BestBuy. To clarify what I went to Funkoland for, I went there for real games prior to cd games.