Gamestop/EB Merger Goes Forward October 31

Gamasutra reports that the fund raising we mentioned recently was successful; Gamestop has raised more than $900 Million for the merger with Electronic Boutique. Further, the deal is set to go forward at the end of this month. If it doesn't, the funds will be returned. From the article: "The gross proceeds of the offering were placed into escrow and will be released to the issuers, less applicable discounts, in connection with the closing of the business combination. In the event the business combination does not close by October 31, 2005, the notes will be redeemed."

Comments

I never would have guessed

[tha_mink]

People still buy stuff in stores? Wow...something new every day.

EB dress code

[wwest4]

Will the mandatory goatee and beer gut that all Electronics Boutique employees wear survive the merger? A salesman that's so addicted to gaming that he can only shave half his face is a man I can trust to help me with my game purchases.