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Feds approve GameStop, Electronics Boutique merger
DSN Retailing Today
Tuesday, September 6, 2005
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GameStop Corp. and Electronics Boutique Holdings Corp. said Tuesday the Securities and Exchange Commission approved their proposed merger and that they'll seek shareholder approval Oct. 6. The shareholder approval is the next step in the proposed $1.4 billion merger.
The merger will give GameStop, the name of the combined companies, more than 3,200 stores in the United States and 600 internationally, with about $3.8 billion in annual revenue.
GameStop had $60.9 million in profit on revenue of $1.8 billion in 2004. Electronic Boutique reported earnings of $52.3 million on $1.9 billion that same year.
Companies referred to in story:
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