SEC approves merger of GameStop and Electronics Boutique

Posted by Wolfgang Gruener

US retailers GameStop and Electronics Boutique have cleared another hurdle in their bid to merge following the approval of the deal by the US Securities and Exchange Commission.

US retailers GameStop and Electronics Boutique have cleared another hurdle in their bid to merge following the approval of the deal by the US Securities and Exchange Commission.

The companies announced that the proposed merger had been "declared effective" yesterday and share prices rose steeply as a result.

Read the complete story. (gamesindustry.biz)