You heard right, folks. Rumor has it Best Buy could be eyeing up GameStop as an acquisition target. While initial rumors first did the rounds last week, Best Buy CFO Ryan Robinson, did nothing to dispel speculative reports by refusing to comment this past weekend.
Kotaku reports that Robinson spoke to Dow Jones Newswires and said just enough to keep people wondering:
"What I think is something that we've missed in the industry and is something other participants have been doing is the proportion of business that is used," Robinson told DJ Newswires. "We've not developed the capability to the extent that other participants have. It's a very margin-rich portion, so I think there's opportunity in that business."
What do you think of a Best Buy/GameStop merger, yay or nay? Let us know in the comments below!
Wasn't there a quote from Wal Mart saying they wanted to replace Circuit City and Best Buy?