Report: Best Buy Might Buy GameStop
Here's a juicy rumor to kick start your week: Best Buy and GameStop, together forever!
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!
Get Tom's Hardware's best news and in-depth reviews, straight to your inbox.
Jane McEntegart is a writer, editor, and marketing communications professional with 17 years of experience in the technology industry. She has written about a wide range of technology topics, including smartphones, tablets, and game consoles. Her articles have been published in Tom's Guide, Tom's Hardware, MobileSyrup, and Edge Up.
-
doomtomb So Circuit City lost to the competition and now Best Buy wants to take out the single biggest game competitor, GameStop. Sure GameStop isn't the most popular of places among readers here from what I've gathered in other articles but they have never treated me wrongly. And Best Buy's prices and crap and will continue to worse as the competition gets eaten up by the big fish.Reply
Newegg forever. -
Pei-chen doomtombSo Circuit City lost to the competition and now Best Buy wants to take out the single biggest game competitor, GameStop. Sure GameStop isn't the most popular of places among readers here from what I've gathered in other articles but they have never treated me wrongly. And Best Buy's prices and crap and will continue to worse as the competition gets eaten up by the big fish.Newegg forever.There is always Newegg, Amazon and Steam.Reply -
taiso haha does that mean i get staff price at game stop now as well? (i work at future shop). but seriously though i think best buy is becoming a monopoly in both electronic retail and games.Reply -
bourgeoisdude Ack! I can't think of any way that this would benefit consumers. I have no major problems with Gamestop the way it is, so I'd have to vote 'nay'.Reply -
burnley14 Not a huge issue for me. I haven't been inside a gamestop store in years. Half.com is the place to go for buying and selling games.Reply -
uronacid No way, my wife works for gamestop. This would be terrible considering the comments stemming from BestBuy employees about their working conditions.Reply -
sot010174 I think It's dumb. They should focus on creating an online distribution system, or teaming up with Steam. The games's brick and mortar shops will slowly die in like 10-20 years time.Reply -
jellico Well, I'm not sanguine about such a merger. However, as Pei-chen pointed out, there are alternatives. Newegg and Amazon for mail-order. Walmart for in-town purchase. Steam for online-download purchase.Reply
-
Kithzaru Wonder if Best Buy is doing this as a retaliation to Wal-Mart for picking up their electronics section.Reply
Wasn't there a quote from Wal Mart saying they wanted to replace Circuit City and Best Buy?