Boutique

Game Retailer Electronics Boutique Acquires Spain's Jump Ordenadores

Authored by Mark Hefflinger on May 23, 2005 - 6:52am.

West Chester, Penn. -- Video game retailer Electronics Boutique announced on Monday that it has acquired Spanish retailer Jump Ordenadores. Financial terms of the transaction were not disclosed. Jump, which operates 141 stores in several Spanish provinces, currently sells PCs and related products, and will introduce video game hardware and software over the next several months. Electronics Boutique said the purchase will give it an established foothold in the fourth-largest video game market in Europe. Pennsylvania-based Electronics Boutique agreed in April to a $1.4 billion acquisition by rival GameStop, which will give the combined company a total of more than 4,000 stores worldwide.

Retailer GameStop Acquires Rival Electronics Boutique for $1.4 Billion

Authored by Mark Hefflinger on April 18, 2005 - 9:09am.

Grapevine, Texas -- Video game retailer GameStop announced on Monday that it has agreed to acquire rival Electronics Boutique, for $1.4 billion in cash and stock. The combined company would count over 3,200 U.S. and 600 international retail stores, accounting for a combined nearly $4 billion in annual revenues. Reuters cited analysts who estimated the combined company would command around one-quarter of the video game retail market -- about the same as Wal-Mart. "This merger will enable us to enter new international markets and allow us to compete more effectively in the highly competitive U.S. video game industry. We are merging these two companies from a position of strength," said GameStop chairman and CEO R. Richard Fontaine. Texas-based GameStop and Pennsylvania-based Electronics Boutique expect the deal to close by May 2.