Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 27, 2021
arrowPress Releases
If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Regulators Approve GameStop, EB Merger

Regulators Approve GameStop, EB Merger

September 6, 2005 | By Simon Carless

September 6, 2005 | By Simon Carless
Comments
    Post A Comment
More: Console/PC



Major U.S.-headquartered specialty video game retailers GameStop Corp and Electronics Boutique Holdings Corp. have announced that registration documents relating to the merger of the two companies have been approved by the U.S. Securities and Exchange Commission.

Following the announcement, both companies have each scheduled Thursday, October 6, 2005, as the date for their respective annual stockholders meeting to consider and vote upon the proposed merger. The companies hope to close the merger in early October, shortly after receiving approval from their respective stockholders.

If completed, the merger between GameStop and EB would create a single company representing 20 to 30 percent of the overall market for video game products in the United States, and practically the entire retail market for used games. It's currently unknown whether EB and GameStop stores would keep their current monikers, or unite under one central name for branding purposes.

News of the SEC's approval has buoyed GameStop's stock, with it increasing over a dollar to $35.09 as of press time. Electronics Boutique's stock also reacted positively, also up over a dollar (though relatively less in terms of a percentage) to $65.55.


Related Jobs

XSEED Games
XSEED Games — Torrance, California, United States
[10.26.21]

Head of Marketing
4A Games
4A Games — Sliema, Malta
[10.26.21]

Lead Game Systems Designer New IP (Malta)
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[10.25.21]

Senior Concept Artist
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[10.25.21]

Sound Designer









Loading Comments

loader image