GAME Swallows GameStation For £74 Million

According to UK industry weekly MCV, the UK’s specialist retail market has shrunk as GAME has forked out £74 million to purchase Blockbuster-owned GameStation – assets currently valued at £60m.

The acquisition follows five other global purchases by the company in the last three years: Addon and Maxi Livres in France, Games Wizards in Australia, Spiderman in Norway and gameplay.co.uk, an online-only e-tailer in the UK.

GAME states in its official press release to the Stock Market that:



Now, for the uninitiated, "synergies" and "good opportunities to improve the efficiency" are aimed at the shareholders and tend to mean that people and buildings that duplicate current positions will be made more efficient by ceasing to occupy any actual space.

On the upside, this could provide the super-retailer with greater purchasing power and this should be passed on to the gamer.

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^{Source: MCV}