Gamestop/EB Merger Goes Forward October 31

Posted by Zonk on Monday October 3, 2005 @07:52AM from the not-a-bad-haul dept.

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."

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I can't wait by Daysaway · 2005-10-03 07:57 · Score: 5, Insightful

Until there is only one chain I can buy/sell/trade with, driving the price of pre-played games through the roof. Currently, being able to pick up a copy of a 6 year old title up for less than $5 is blasphemy! The data hasn't eroded, and the game still plays the same as it did then! Why not charge slightly less than retail for it?

TGF Ebay.

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