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11-02-05 12:59 PM
1 user currently in General Gaming: supernova05 | 4 guests
Acmlm's Board - I2 Archive - General Gaming - EB and GameStop to merge | |
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Colleen
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Posted on 04-19-05 08:53 AM Link | Quote
Well, come 2006 it looks like my local EB in the mall is going to turn into one of the first Canadian GameStops.

GameStop and EB announced a merger today, with GameStop technically purchasing EB. The merger sees a very nice stock payout to shareholders and will see EB go under the GameStop banner, the new company controlling 25% of the video game store market. Any malls with both an EB and a GameStop will keep both in operation past the 2005 holiday season, and decisions on whether to close stores will only come in 2006.

I'm a bit surprised at this... if it wasn't 17 days late, I would have definitely considered this an April Fool. Any thoughts? Anya?
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Posted on 04-19-05 09:10 AM Link | Quote
I don't really... Know what to say. All I can say is, why didn't the article say the total dollar worth of the new company? That's what I wanted to hear.
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Posted on 04-19-05 09:40 AM Link | Quote
I dislike GameStop. It
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Posted on 04-19-05 11:41 AM Link | Quote
Gamestop didn't exist here in Sweden, but EB games does. The thing I like with EB games is how stocked they usually are, and how they tend to carry hard to find products. But they're little more expensive too... usually is the last shop I look at becuse of the price. But I usually find the stuff I need there.
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Posted on 04-19-05 05:41 PM Link | Quote
I had no problem with gamestop. until they took over a local funcoland and molested it. They wont sell pre-n64 games there anymore, instead, they're selling DVDs and shit ;~; So I have a pretty personal grudge against the place now; especially considering I've spent a good ~$400 alone on NES/SNES/Gensis games.
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Posted on 04-19-05 07:36 PM Link | Quote
I
Kefka
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Posted on 04-20-05 02:00 AM Link | Quote
Poor Anya...

Anyway, EB owned GameStop long before it techincally owned it, so it doesn't matter to me so much

EDIT: I have been informed that the above post holds no factual meaning. Damn.


(edited by Kefka on 04-19-05 09:52 AM)
NSNick
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Posted on 04-20-05 02:22 AM Link | Quote
If you read Colleen's post (or the article), GameStop will own EB.

And I don't know if I like this. In fact, I'm pretty sure I don't.
Kefka
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Posted on 04-20-05 02:52 AM Link | Quote
Originally posted by NSNick
If you read Colleen's post (or the article), GameStop will own EB.

And I don't know if I like this. In fact, I'm pretty sure I don't.


Well, um... fuck.

EB owns Gamestop even though Gamestop owns it

....... Oh well. Bastards.
Anya

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Posted on 04-20-05 07:50 PM Link | Quote
Poor Anya what?

We found out the other day at work, and we talked about it on the conference call as well. Pretty much, we bought them out for 1.44 billion dollars, and things won't be final until around Sept. and the merge won't really happen until next year. So as of right now, we are two different companies.

Employees who were fired from GS and went to EB, will be looked at on a case by case basis. We're not sure what store will close (and we're still going to build more GS) until later on nexy year.

Years back, EB was set to buy out GS, but since there was so much tension between the two, it never happened. Now we bought them, and we are said to be nice to them and so forth. I've never really had any beef with EB, so I have no idea what they're talking about. Its usually not the company, but the person that you deal with that can either piss you off or get along with.
Kefka
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Posted on 04-21-05 08:55 AM Link | Quote
Poor Anya, she pwns EB

Hey, do you get extra cash bonuses as a manager because of this merger?
Colleen
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Posted on 04-21-05 09:08 AM Link | Quote
I'd think only if she had stock would she benefit. I know some EB employees benefitted from the merge.
windwaker

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Posted on 04-21-05 09:16 AM Link | Quote
I honestly don't believe that you could generalize that much at all. I mean, 90% of this depends on who runs each individual store.
MathOnNapkins

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Posted on 04-21-05 01:07 PM Link | Quote
So.... I wonder what they're going to do at my mall, which has a gamestop and an EB...
NSNick
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Posted on 04-21-05 01:25 PM Link | Quote
And my mall, which had a GameStop, FuncoLand, and an EB...

I think they might have finally changed that FuncoLand into a GameStop, though.
Emptyeye
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Posted on 04-21-05 04:29 PM Link | Quote
Yeah, our mall has one of each as well. Wonder how they'll handle that.
Kefka
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Posted on 04-22-05 01:18 AM Link | Quote
Originally posted by Emptyeye
Yeah, our mall has one of each as well. Wonder how they'll handle that.


Probably the same way they dealt with the Funcoland in Nick's mall....
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Posted on 04-22-05 01:27 AM Link | Quote
That's crazy. I've never even seen a GameSpot store, but you all have one close to you.
Anya

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Posted on 04-22-05 02:57 AM Link | Quote
Another reason why we wanted to buy out EB, is so we could be more international.

Depending on traffic in certain malls, and the size, if they'll keep two stores open. I know of two malls here that should keep two open.
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Posted on 04-22-05 03:12 AM Link | Quote
EB is the only videogame store in my area. I'm on a first name basis with all of the staff. So I'm worried about this
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