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GameStop to Marry EB Games, Gets Grandpa Funcoland’s Blessing.

April 18th, 2005 Leave a comment Go to comments

GameStop to Buy Rival for $1.44 Billion

Yahoo (via Reuters) has the scoop on this wonderful bit of news….

GameStop (who I honestly believe to be the inferior of the two chains) is seeking to purchase EB Games for $1.44 billion dollars.

At first this made little sense to me apart from yet another company deciding to cement its place in the market by digesting a former competitor, until I got to the bit where the article points out the combined market share of the two would be about 20% – 25%. Combined this is a respectable figure, but I honestly thought both companies were doing better than that.

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