EB And Gamestop Merge

The US Store GameStop and EB, known as retail rivals, are putting down their weapons and joining forces. GameStop will purchase all outstanding shares of EB at $55.18, turning the retail chain and maker of Game Informer Magazine into a $4 billion-a-year company with 3,800 stores worldwide.

Analysts underline that this deal will mostly affect hardcore gamers, as GameStop and EB are the only two major retail chains focused exclusively on games. The merged company will own about 21 percent of the video game retail marketcomparable to Wal-mart.

Source: PlanetGamecube