GameStop Acquires Micromania

GameStop Acquires Micromania
October 02, 2008

Grapevine, Texas-based GameStop Corp. announced that it has reached a definitive agreement to acquire Micromania, a French video game retailer with 332 locations, from private-equity fund L Capital. GameStop, which currently has no stores in France, will operate 5,889 locations worldwide in the United States, Canada, Australia and New Zealand. With the Micromania acquisition, the European store count will top 1,077 stores located throughout France, Italy, Germany, Austria, Switzerland, Sweden, Norway, Denmark, Finland, Ireland, Spain and Portugal. The transaction, which is valued at about $700 million in cash, including the assumption of debt, is subject to clearance by the European Commission and is expected to close in November.

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