GameStop Expands Into France with Purchase of Micromania
Apparently not slowed by the economic crisis in the United States (or perhaps as a result), GameStop has reached an agreement with private equity fund L Capital to purchase Micromania, France’s largest videogame retailer, for roughly $700 million. GameStop doesn’t presently have any stores located in France, but the purchase of Micromania will give them 332 locations in the country, bringing their worldwide total up to an astonishing 5,889 stores.
Of course, there are legal hoops to be jumped through; the deal is subject to clearance by the European Commission, but forgoing any snags the deal will be closed by November. While the press release doesn’t go into much detail on GameStop’s plans for Micromania, it sounds as if they won’t seek to rebrand the company to carry GameStop’s name.
The deal will help cement GameStop’s position as the largest videogame retailer in the world and guarantees that — if they aren’t already — our readers in France will soon be hassled for preorders and to sell their used games.