Merger of Game Retailers GameStop, Electronics Boutique Given OK
Grapevine, Texas -- Video game retailer GameStop Corp. announced on Thursday that its proposed $1.44 billion merger with fellow retailer Electronics Boutique will go ahead, following the expiration of the waiting period under the Hart-Scott-Rondino Antitrust Improvements Act. The merged company will operate a total of 3,800 stores worldwide, and account for an estimated 20-30% of the total video game retail market. The deal must still be approved by both companies' shareholders, but is expected to close in the third quarter of 2005.
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