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Central 02-05-2007 11:35

Gamestation sold
 
NEW YORK, May 2 (Reuters) - Blockbuster Inc. (BBI.N: Quote, Profile , Research) said on Wednesday it had sold Game Station Ltd. to British-based Game Group Plc (GMG.L: Quote, Profile , Research) for about $150 million in cash, subject to certain adjustments.

Blockbuster said it intends to use most of the money from the sale of Game Station, its 217-store speciality games retailer in the UK, to pay down debt.

NoKnowledge 02-05-2007 12:05

Re: Gamestation sold
 
Wow, another company bought by GAME (or did EB change their name to GAME?)

I have about 7 GAME stores within a 5 mile radius, that I know of. Not including the new Gamestation stores.

Stuart 02-05-2007 12:07

Re: Gamestation sold
 
EB uk changed their name to Game.

LostintheNW 02-05-2007 12:14

Re: Gamestation sold
 
Great :( no doubt the fab trade ins we get at Gamestation will be gone! grrrr Game annoy me at times!

Halcyon 02-05-2007 12:27

Re: Gamestation sold
 
This is shame. You used to be get some of the best trade-in deals at Gamestation when GAME would give you hardly anything.

icestar2 02-05-2007 13:15

Re: Gamestation sold
 
Hmmm In my local town there was an EB and a game - then EB became game so now there's 2 games. About a year after gamestation opened. Now that game has bought them we will have 3 game store's all within a small town center. Gamestation is right across from game.

Shame really because with the 2 company being so close together we used to get good deal's with them being in competition but that will now stop and Game will be the only gaming specialist store here - Look's like our great deals will be out the window now.

Halcyon 02-05-2007 13:35

Re: Gamestation sold
 
In my town we have 3 Game stores that orginally were EB stores.
One of them is located in Debenhems too.

Stephen 02-05-2007 13:36

Re: Gamestation sold
 
EB UK actually licenced the name from EB USA and when EB UK purchased GAME the licence on the name was coming to an end so they just rebranded all the stores to Game so they didn't need to payout any more money to use the EB name.

I used to work for them a few years ago.

NEONKNIGHT 02-05-2007 13:39

Re: Gamestation sold
 
Use Gameplay online retailer instead, usually better deals than GAME.

Uncle Peter 02-05-2007 22:00

Re: Gamestation sold
 
Certainly smacks of a takeover with hostile intentions as I would imagine that wherever there's a Gamestation there can't be a branch of Game too far away. This also raises the question of what happens to the Blockbuster "in-store" branches of Gamestation.

Gareth 02-05-2007 22:00

Re: Gamestation sold
 
Ack, this is bad news, imo... as already said, I think this spells the end of the great trade-ins :(

In Swindon, there's already 3 Game stores within ½-mile radius of each other (2 of them are extremely close together). The one Gamestation store that we have has always been miles better than the 3 Game stores combined.

Not pleased about this news at all :(

thepcwizard 02-05-2007 22:18

Re: Gamestation sold
 
Quote:

Originally Posted by Be* (Post 34291812)
NEW YORK, May 2 (Reuters) - Blockbuster Inc. (BBI.N: Quote, Profile , Research) said on Wednesday it had sold Game Station Ltd. to British-based Game Group Plc (GMG.L: Quote, Profile , Research) for about $150 million in cash, subject to certain adjustments.

Blockbuster said it intends to use most of the money from the sale of Game Station, its 217-store speciality games retailer in the UK, to pay down debt.

It was enevitable.

Tezcatlipoca 02-05-2007 23:22

Re: Gamestation sold
 
Quote:

Originally Posted by NEONKNIGHT (Post 34291930)
Use Gameplay online retailer instead, usually better deals than GAME.


They are quite good. I tend to use them a lot (& Sendit.com)


But guess who owns Gameplay.co.uk ;)

Damien 02-05-2007 23:22

Re: Gamestation sold
 
All Gamestations will keep their name their deals, and target the same customers. As far as the customer is concerned their is no difference. All the Gamestations in Blockbusters will have to close by the end of June however

Central 02-05-2007 23:27

Re: Gamestation sold
 
Quote:

Originally Posted by Damien (Post 34292396)
All Gamestations will keep their name their deals, and target the same customers. As far as the customer is concerned their is no difference. All the Gamestations in Blockbusters will have to close by the end of June however

We have one in the Blockbusters I work at. As far as I know we are keeping the staff and the concession part as the games department just removing the Gamestation logos and replacing it with Blockbuster logos.

Should be a interesting few months indeed.

Tezcatlipoca 02-05-2007 23:34

Re: Gamestation sold
 
We've got two GAMEs & one Gamestation (plus also a little indie type called "GameTron Exchange").



We 1st had an EB in the city centre, outside the Lion Yard, then later also had a GAME less than a minute away inside the Lion Yard.

The rebrand saw the EB become another GAME, so suddenly we had two...very close together.

The one that used to be EB later closed down, & moved over to near the Grafton Centre.

Then a Gamestation sprung up two doors down from that.

AndyIggs83 03-05-2007 09:43

Re: Gamestation sold
 
You can get better trade in's if you sell your games on ebay and use the money from that to buy your new games! Its not a great loss at all, you can get the games online so much cheaper now anyway

Gareth 03-05-2007 10:56

Re: Gamestation sold
 
It's just easier to trade them in at the same time as buying others... selling lots of stuff on fleabay is hassle as you've gotta spend time going to your Post Office, potentially paying for town centre parking, etc...

King Of Fools 03-05-2007 12:01

Re: Gamestation sold
 
Quote:

Originally Posted by Matt D (Post 34292400)
We've got two GAMEs & one Gamestation (plus also a little indie type called "GameTron Exchange").

We 1st had an EB in the city centre, outside the Lion Yard, then later also had a GAME less than a minute away inside the Lion Yard.

The rebrand saw the EB become another GAME, so suddenly we had two...very close together.

The one that used to be EB later closed down, & moved over to near the Grafton Centre.

And now the original Game has moved a few doors down in the Lion Yard!

Now, does anybody remember Software Plus? ;)

Gareth 03-05-2007 15:16

Re: Gamestation sold
 
I remember buying some cheap Spectrum games from the petrol station in the town where I grew up as a kid... think they were £2.99 at the time (circa 1985)


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