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Noble's offer. On April 26, Barnes & Noble raised its bid to $ 161.5 million, or $ 24.75 a share, leaving
Electronics Boutique with another five days to respond to the bid. On May 3, Electronics Boutique announced the withdrawal of its bid, and Funco accepted Barnes & Noble's buyout the following day. Electronic Boutique's original definitive agreement with Funco included a breakup fee of $ 3.5 million, the cost of which was covered by Barnes & Noble.
283:
34:
295:
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378:
250:, with two smaller distribution centers and a World Headquarters all located in West Chester, Pennsylvania. With video games becoming increasingly popular, EB Games decided it was time for a new distribution center. In October 2004, EB Games opened its doors to its new 314,000-square-foot (29,200 m) distribution center in
317:. The name of the chain was changed from Future Zone to "Electronics Boutique" to match the new owner. John Steinbrecher, Electronic Boutique's VP of Stores in the US and Canada, was seconded to the UK to manage the chain. Store remodels, product mix changes and used video games combined to restore the chain's finances.
331:, Spain that sells PCs and other consumer electronics. EB Games plans to begin introducing video game hardware and software into Jump's 141 stores over the next several months. The acquisition provides EB Games entry into the Spanish marketplace and continues EB Games's aggressive international expansion.
269:
On
Thursday, October 6, 2005, shareholders from EB Games and GameStop agreed to a $ 1.44 billion takeover deal. The deal offered $ 38.15 in cash as well as approximately ¾ of a share of GameStop stock for every 1 share of EB Games stock. This offer was a 34.2% premium on the $ 41.12 per share closing
221:
Originally, the operation mainly sold calculators and digital watches. Between 1977 and the mid-1990s, the company expanded to (and later stopped) selling computers, software, and other related items (according to the EB Games employee handbook). Electronics
Boutique also operated stores under the
323:
Although the merger created a company separate from the U.S. parent, EB retained a 24% ownership stake in the merged chain for a period of time and, under the merger agreement, collected substantial management fees from it until 2004, when the companies agreed to sever the remainder of their ties
238:
subsidiary
Babbage's Etc., who offered to pay in either cash or a combination of cash and Barnes & Noble stock. On April 12, Funco gave Electronics Boutique five days to raise its offer before they would accept Barnes & Noble's offer. In response, Electronics Boutique matched Barnes &
233:
for $ 110 million, paying $ 17.50 in cash for each of parent company Funco's shares. CEO Joseph
Firestone remarked that his company had been "stalking" FuncoLand for two years, and waited until the stock price was right. On April 5, Funco received an unsolicited $ 135 million buyout offer from
242:
In May 2000, in order to unify their company, Electronics
Boutique changed the vast majority of its current EB and EB Gameworld stores to the name EB Games. They also announced that they would be either closing or selling all of their EB Kids and Brandywine Sports Collectible Stores.
1136:
324:
with a one time settlement. The GAME brand replaced the EB name at all former EB stores in the United
Kingdom and Ireland. The new company was the biggest video game retailer in the United Kingdom. However, GameStop is once again operating in Ireland under the GameStop brand.
226:. The Games 'n Gadgets stores were more centered on entertainment and gaming, rather than business and productivity. In the mid-1990s, the company's focus switched to TV-based video games and consoles, though many stores still maintain PC game sections.
337:
On July 28, 2021, EB Games announced that its
Canadian operations would be rebranded under the GameStop name, with the rebranding expected to be completed by the end of 2021. Stores began to be converted to GameStop signage by September 2021.
1144:
542:
539:
274:, and their International Headquarters in West Chester, PA, eliminating more than 800 jobs. Only 65 former EB Games employees were offered jobs at GameStop's headquarters in Grapevine, TX.
320:
Electronics
Boutique commenced operations in Australia in 1997 and rapidly became the number one video game specialty retailer in the country and the only one with a nationwide footprint.
261:), Canada, United Kingdom, Australia, Austria, Denmark, Finland, Germany, Italy, New Zealand, Norway, Spain, and Sweden, primarily under the names EB Games and Electronics Boutique.
197:
The EB Games brand is defunct in the United States & Canada but still operates in
Australia and New Zealand. GameStop also operates certain stores under the "EBX" brand.
254:, Pennsylvania. The world headquarter office in West Chester remained open, however anyone working at the old distribution centers were transferred to the new location.
1240:
1312:
334:
In July 2008, EB Games announced an agreement to acquire The Gamesman, which was the largest independently owned chain of video game stores in New Zealand.
1307:
251:
1085:
1327:
1166:
490:
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price of EB Games stock. GameStop decided to close EB Games's newly constructed distribution center in Sadsbury, PA, their call center in
1317:
1342:
1086:"Video game retailer Electronics Boutique expects to break ground on a new 315,000-square-foot distribution center this spring"
513:
1216:
310:, Canada in 1993. The Canadian division was the largest of the international divisions with over 300 stores as of May 2008.
1110:
466:
187:
92:
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1073:
516:." Electronic Boutique. June 11, 2004. Retrieved on August 11, 2010. "931 South Matlack St. West Chester, PA 19382."
440:
313:
In 1995, the company expanded to the UK with the purchase of 25% of the financially troubled British game retailer
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On May 23, 2005, EB Games announced a definitive agreement to acquire Jump, a retailer based in
205:
1137:"SEC Filings S-4 - Merger Agreement, GameStop Corp. and Electronics Boutique Holdings Corp"
247:
19:
This article is about the American division of EB Games. For the Australian division, see
8:
1241:"Canadian EB Games and EBX Locations Start Rebranding to GameStop with New Store Signage"
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As of July 30, 2001, the company operated 2,280 stores in the United States (including
174:, the company later grew into an international corporation. EB Games's parent company,
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On April 3, 2000, Electronics Boutique made an offer to purchase rival business
186:. When Electronics Boutique was an independent company, its headquarters was in
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EB began its international expansion with the opening of three stores in
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927:"CEO could reap $ 35.2 million if Barnes & Noble deal prevails"
529:." Electronic Boutique. June 9, 2001. Retrieved on August 11, 2010.
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1002:"Shareholder suit filed Tuesday is now left in uncertain status"
1111:"GameStop and Electronics Boutique Stockholders Approve Merger"
445:
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Video games, computer games, optical discs, video game consoles
1270:
852:"Electronics Boutique matches competing bid for game retailer"
162:
retailer. First established as an American company in 1977 by
604:"Electronics Boutique had been 'stalking' Funco for 2 years"
827:"Merger would create largest retailer of electronic games"
503:. Tuesday November 1, 2005. Retrieved on August 11, 2010.
839:. April 21, 2000. p. 44 – via Newspapers.com.
815:. April 21, 2000. p. 43 – via Newspapers.com.
877:"West Chester firm raises its bid for a games retailer"
441:"The World's Billionaires: #721 James Kim & family"
246:
For years EB Games' primary distribution center was in
1038:. May 5, 2000. p. 48 – via Newspapers.com.
902:"Barnes & Noble raises bid, again, for Funco Inc"
704:"Two offers are 'a great situation' for stockholders"
345:
1074:EB changes name of game: rebranding a la GameStop.
540:West Goshen township, Chester County, Pennsylvania
209:An Electronics Boutique store (later GameStop) at
166:with a single electronics-focused location in the
1299:
1313:Companies based in Chester County, Pennsylvania
264:
217:in October 2009. It closed on January 20, 2013.
1193:"GameStop buys Gamesman chain in New Zealand"
1026:"Funco accepts buyout by Barnes & Noble"
949:
1217:"EB Games to rebrand as GameStop in Canada"
1051:"Fate of Funco's local operations unclear"
32:
1308:Video game retailers of the United States
968:
950:Schlisserman, Courtney (April 27, 2000).
874:
849:
1190:
1063:. p. 46 – via Newspapers.com.
1014:. p. 41 – via Newspapers.com.
989:. p. 39 – via Newspapers.com.
964:. p. 31 – via Newspapers.com.
952:"Barnes & Noble increases its offer"
939:. p. 46 – via Newspapers.com.
914:. p. 45 – via Newspapers.com.
889:. p. 34 – via Newspapers.com.
864:. p. 33 – via Newspapers.com.
803:"Electronics Boutique ups bid for Funco"
791:. p. 56 – via Newspapers.com.
766:. p. 46 – via Newspapers.com.
741:. p. 37 – via Newspapers.com.
716:. p. 46 – via Newspapers.com.
691:. p. 45 – via Newspapers.com.
666:. p. 46 – via Newspapers.com.
654:"$ 110 million deal to unite game firms"
641:. p. 35 – via Newspapers.com.
591:. p. 31 – via Newspapers.com.
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112:Daniel A. Dematteo (Vice-Chairman, COO)
1328:American companies established in 1977
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298:An EB Games store (later GameStop) in
286:An EB Games store (later GameStop) at
1115:US Securities and Exchange Commission
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1323:Retail companies established in 1977
754:"$ 135 million is offered for Funco"
1338:1977 establishments in Pennsylvania
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1318:West Goshen Township, Pennsylvania
188:West Goshen Township, Pennsylvania
93:West Goshen Township, Pennsylvania
14:
1354:
1284: (archived December 12, 1998)
1262:
1167:"Hundreds of EB jobs will be cut"
875:Fernandez, Bob (April 21, 2000).
850:Fernandez, Bob (April 21, 2000).
752:Woodall, Martha (April 7, 2000).
727:Woodall, Martha (April 7, 2000).
652:Woodall, Martha (April 4, 2000).
627:Woodall, Martha (April 4, 2000).
579:"Funco is sold to rival retailer"
1191:Thompson, Michael (2008-07-02).
777:Phelps, David (April 14, 2000).
629:"W. Chester firm is in the game"
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925:Moore, Janet (April 27, 2000).
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900:Moore, Janet (April 27, 2000).
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729:"Game-seller gets a higher bid"
720:
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553:. Retrieved on August 11, 2010.
477:. Retrieved on August 11, 2010.
118:Steve Morgan (former President)
1143:. May 23, 2005. Archived from
702:Moore, Janet (April 7, 2000).
677:Moore, Janet (April 7, 2000).
602:Moore, Janet (April 4, 2000).
577:Moore, Janet (April 4, 2000).
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1343:2005 mergers and acquisitions
779:"Funco receives higher offer"
679:"Funco receives higher offer"
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108:Dick Fontaine (Chairman, CEO)
76:King of Prussia, Pennsylvania
16:American video games retailer
1294: (archived May 30, 1997)
1049:Moore, Janet (May 6, 2000).
1000:Moore, Janet (May 3, 2000).
975:Moore, Janet (May 3, 2000).
265:EB Games and GameStop merger
7:
488:County jobless rate worsens
341:
91:As an independent company:
64:; 47 years ago
10:
1359:
977:"Funco suitor drops chase"
527:Corporate Office Positions
200:
178:, has its headquarters in
18:
1031:The Philadelphia Inquirer
957:The Philadelphia Inquirer
882:The Philadelphia Inquirer
857:The Philadelphia Inquirer
759:The Philadelphia Inquirer
734:The Philadelphia Inquirer
659:The Philadelphia Inquirer
634:The Philadelphia Inquirer
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73:(as Electronics Boutique)
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451:Net worth: $ 1.4 billion
160:computer and video games
303:
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115:David W. Carlson (CFO)
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1278:Electronics Boutique
248:Louisville, Kentucky
168:King of Prussia mall
152:Electronics Boutique
370:Pennsylvania portal
356:Philadelphia portal
211:Ann Arbor, Michigan
150:(formerly known as
28:
551:U.S. Census Bureau
545:2011-06-08 at the
493:2012-02-29 at the
469:2012-01-22 at the
411:EB Games Australia
398:Video games portal
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236:Barnes & Noble
219:
158:) was an American
54:Electronics Stores
26:
21:EB Games Australia
1221:GamesIndustry.biz
1117:. October 6, 2005
486:Moran, Sarah E. "
449:. March 3, 2010.
300:Edmonton, Alberta
252:Sadsbury Township
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308:Toronto, Ontario
302:in February 2017
290:in February 2015
224:Games 'n Gadgets
180:Grapevine, Texas
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87:Grapevine, Texas
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1147:on May 7, 2017
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1249:. Retrieved
1247:. 2021-09-10
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1197:Ars Technica
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1171:the original
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83:Headquarters
41:Company type
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813:Minneapolis
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714:Minneapolis
689:Minneapolis
614:Minneapolis
589:Minneapolis
315:Rhino Group
259:Puerto Rico
1302:Categories
1251:2021-11-11
1226:2021-11-11
1202:2021-11-11
1177:2009-03-06
1096:2012-09-30
564:"GameStop"
464:Contact Us
427:References
100:Key people
45:Subsidiary
231:FuncoLand
164:James Kim
1333:GameStop
1288:EB World
1151:June 20,
1141:GameStop
1121:June 20,
543:Archived
491:Archived
475:GameStop
467:Archived
406:GameStop
342:See also
329:Valencia
176:GameStop
156:EB World
148:EB Games
140:GameStop
126:Products
51:Industry
27:EB Games
1290:at the
1280:at the
514:Contact
201:History
190:, near
67: (
59:Founded
446:Forbes
184:Dallas
135:Parent
89:, U.S.
78:, U.S.
222:name
170:near
1153:2016
1123:2016
154:and
69:1977
62:1977
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