EB Games and Game Stop to Merge

Gamesindustry.biz is reporting that the two companies are planning a $1.4 Billion dollar merger which will give the new company a 22 percent share in the U.S.

“America’s largest videogame retail chains, GameStop and Electronics Boutique, have announced their intention to merge in a $1.44 billion deal which will create the world’s largest games retailer, with around $4 billion in annual turnover.

Under the terms of the deal, GameStop will acquire all the outstanding shares in Electronics Boutique for $55.18 – a 34 per cent premium over the closing price of its rival on Friday evening.”

Read more at Gamesindustry.biz