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Electronics Boutique Holdings: Companies
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Electronics Boutique, a Fortune 1000 company, is the leading global specialty retailer dedicated exclusively to video game hardware and software, PC entertainment software, accessories and related products. The company currently operates over 1,733 stores in the United States, Australia, Canada, Denmark, Germany, Italy, New Zealand, Norway, Puerto Rico and Sweden -- primarily under the names EB Games and Electronics Boutique. The company operates an e-commerce website at ARRAY(0x8c0968). Additional company information is available at . CONTACT: James A. Smith, Chief Financial Officer, Electronics BoutiqueHoldings Corp., +1-610-430-8100; or Cara O'Brien, Senior Vice President,Financial Dynamics, +1-212-850-5600 Web site: ARRAY(0x91197c)
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The shareholders of GameStop Corp. And Electronics Boutique Holdings Corp. have approved the merger of the two companies. They will officially merge over the weekend. The deal is worth an estimated $1.44 billion and will result in around 4,000 retail stores across the globe, about one quarter of the gaming market.
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As Electronics Boutique pressed forward into the 1990s, expansion went according to plan. As the company expanded, it did so in an unusual fashion for a retail concern. Kim ordered the establishment of stores outside the United States, adding an international dimension to the company's business. By 1993, there were 318 stores in operation, seven of which were international units. In the years ahead, the company expanded domestically and internationally, opening stores in Canada, Puerto Rico, Australia, New Zealand, South Korea, and in Europe.
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Electronics Boutique, a Fortune 1000 company, is the leading global specialty retailer dedicated exclusively to video game hardware and software, PC entertainment software, accessories, and related products. As of October 30th, EB Games operates 1,869 stores in the United States, Australia, Canada, Denmark, Germany, Italy, New Zealand, Norway, Puerto Rico, and Sweden -- primarily under the names EB Games and Electronics Boutique. The company operates an e-commerce website at www.ebgames.com. Additional company information is available at www.ebholdings.com.
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GRAPEVINE, Texas, Apr 18, 2005 (BUSINESS WIRE) -- GameStop Corp. (NYSE:GME; GME.B) and Electronics Boutique Holdings Corp. (Nasdaq:ELBO) today announced that they have entered into a definitive agreement and plan of merger. The combined company, to be named GameStop Corp., will be a leading global video game retailer with annual revenues of approximately $3.8 billion, with over 3,200 stores located in all 50 United States, the District of Columbia, and Puerto Rico, as well as nearly 600 international stores located throughout Australia, Canada, Denmark, Germany, Ireland, Italy, New Zealand, Norway and Sweden.
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"Video game retailer Electronics Boutique Holdings Corp. will offer downloads for cell phones in some of its stores starting this holiday season, the company said Monday. While wireless carriers have embraced gaming and game downloads as lucrative sources of revenue, the games to be sold through the EB kiosks are larger and more complex than those typically sold via network download."
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