Gamestop and Electronic Boutique Announce Merger

firstadopter · 04-18-2005, 08:19 AM

Gamestop this morning has agreed to acquire Electronic Boutique for a cash and stock deal worth $1.44 billion. Each Electronic Boutique shareholder will receive $38.15 in cash and 0.78795 shares of GME stock for each share they own. This represents a 34% premium ($55.18) to ELBO's Friday close. Not too shabby.

The combined company will use the Gamestop name and have 3200 stores worldwide. It's a move that makes sense as both companies basically offer the same value propositiion to the market. Now they can join forces to battle the Best Buys, Targets, and Walmarts of the world. Game on!

firstadopter · 04-18-2005, 08:20 AM

I think this is the smart move, I mean Gamestop and EB Games are basically the same store with different names.

stupot42 · 04-18-2005, 03:25 PM

We don't have Game Stop in the UK, unless someone can tell you otherwise. I certainly don't know of any. However, I know of loads of EB's, It'll be nice to see a new name on the high street, and I hope that a new era of cheaper games and gaming might be heading across the atlantic!

04-18-2005, 08:19 AM	#1
firstadopter Founder Join Date: Jan 2004 Location: twitter.com/firstadopter Posts: 2,983	Gamestop and Electronic Boutique Announce Merger Gamestop this morning has agreed to acquire Electronic Boutique for a cash and stock deal worth $1.44 billion. Each Electronic Boutique shareholder will receive $38.15 in cash and 0.78795 shares of GME stock for each share they own. This represents a 34% premium ($55.18) to ELBO's Friday close. Not too shabby. The combined company will use the Gamestop name and have 3200 stores worldwide. It's a move that makes sense as both companies basically offer the same value propositiion to the market. Now they can join forces to battle the Best Buys, Targets, and Walmarts of the world. Game on!

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04-18-2005, 08:20 AM	#2
firstadopter Founder Join Date: Jan 2004 Location: twitter.com/firstadopter Posts: 2,983	I think this is the smart move, I mean Gamestop and EB Games are basically the same store with different names.

04-18-2005, 03:25 PM	#3
stupot42 King Join Date: Feb 2005 Location: Liverpool, England Posts: 493	We don't have Game Stop in the UK, unless someone can tell you otherwise. I certainly don't know of any. However, I know of loads of EB's, It'll be nice to see a new name on the high street, and I hope that a new era of cheaper games and gaming might be heading across the atlantic!