GameStop to buy Micromania for 700 mln: related news

GameStop to buy Micromania for $700 mln

on Wednesday said it will acquire French video-game retailer Micromania from private equity fund L Capital for $700 million, including debt, to gain a presence in France.

British telecom Vodafone to buy 4.8% in Polish mobile firm Polkomtel forEUR 176 mln

WARSAW. OCTOBER 29. INTERFAX CENTRAL EUROPE - British telephone operator Vodafone will buy 4.8% of shares in Polish mobile operator Polkomtel for EUR 176 mln, the company said in a statement Wednesday. Vodafone will buy the shares from Denmark's TDC. The transaction is set to close in the fourth quarter of this year, boosting Vodafone's shareholding in Polkomtel from the current 19.6% to 24.4%. In 2006, Polish state-controlled shareholders of Polkomtel agreed to buy the shares to which they hold the preemptive right, a stake of 14.8%, for EUR 650.5 mln. TDC said the closing of the sale to Vodafone and to Polkomtel's Polish shareholders will take place after the court lifts the injunction obtained by Vodafone earlier. TDC, which currently has 19.

GameStop to buy Micromania for $700 mln

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GameStop to buy Micromania for $700 mln

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Best Buy Introduces Blue Label(TM): New Process for Developing Products Inspired by Listening to CustomersBlue Label is a different approach to technology from Best Buy that starts with the customer in mind. Best Buy partnered with leading PC manufac

MINNEAPOLIS, BUSINESS WIRE -- Best Buy Co., Inc. (NYSE: BBY) today introduced its Blue Label series, a line of consumer electronic products developed directly from customer feedback and delivering uncompromised performance. The Blue Label series is a result of collaboration between Best Buy and technology companies in which Best Buy gathers insights from customers and works with manufacturers to design products that address those needs.

Gamestop Looks To Europe With Micromania Acquisition

The IT industry continues to produce a high level of M&A activity given the current climate, as US firm Gamestop, the world's largest videogame and entertainment software retailer, agrees to acquire French firm Micromania from private equity fund L Capital for around US$700mn. Micromania is France's leading video game retailer and boasts 332 retail locations throughout the country. For Gamestop, which currently has no retail presence in France, this represents a huge opportunity to penetrate the market while continuing its expansion in Western Europe. The deal will bring its European presence up to 1,077 stores out of a total of 5,800 worldwide.

Best Buy Canada Invests $1,000,000 in Kids Through New Giving Program

"Best Buy for Kids" Established to Help Bring Technology to Children BURNABY, BC, Sept. 26 /CNW/ - Best Buy, Canada's fastest growing specialty retailer and e-tailer of consumer electronics, today announced that in 2008 the company will contribute $1 million to charitable organizations focused on youth through its newly established Best Buy for Kids charitable giving program. "The goal of the Best Buy for Kids program is to strengthen Canadian communities by supporting local and national programs that help children achieve their full potential. We want to empower youth - especially those in need - by helping them excel in school, engage in their communities through sports and education, and develop life and leadership skills," said Best Buy Canada SVP Charles Tobin.

Best Buy Unveils New "Mobile Life" Store

Minneapolis-based Best Buy Co. Inc. officially announced that it is launching standalone stores in malls designed "to help customers get more from their mobile lives." At 3,000 sq. ft., the new Best Buy Mobile stores are double the size of the original standalone Best Buy Mobile stores, yet not as large as traditional Best Buy stores, which average about 40,000 sq. ft. Stores will launch in three mall locations this month in The Mall of America in Bloomington, Minn.; Fair Oaks Mall in Fairfax, Va.; and Woodfield Mall in Schaumburg, Ill. The new Best Buy Mobile stores will help customers navigate the wireless landscape by offering a full range of mobile devices, including phones, laptops and other handhelds, as well as teaching customers how the devices work together.

Best Buy Mobile to carry iPhone in Canada

TORONTO and BURNABY, BC, Sept. 26 /CNW/ - Best Buy Canada, Canada's fastest growing specialty retailer and e-tailer of consumer electronics, today announced that it will be carrying Apple's iPhone 3G at Best Buy Mobile stores(x) in Canada beginning October 1st. "The iPhone is a revolutionary product that has changed the way people think about their mobile phone and we are pleased to be able to help Canadians get their hands on one of the hottest new products introduced in Canada this year," said Phil Johnston, Director, Wireless Solutions, Best Buy Canada Ltd. "We want Canadians to know that they can count on Best Buy Mobile for the latest and greatest in mobile technology." Best Buy Mobile plans to sell the iPhone 3G at the suggested retail price of $199 for the 8GB model and $299 for the 16GB model with a three-year contract from Rogers

GameStop Acquires French Game Retailer Micromania

GameStop ventures for the first time into France after acquiring Micromania's 332 locations for $700 million.

Art Vivant-6-month group forecast

FORECAST FORECAST Sales 3.74 3.60 Operating 390 mln 190 mln Recurring 450 mln 200 mln Net 230 mln 60 mln

Sanyo Dept Store-6mth group results

(+97.7 pct) Net prft 106 mln loss 478 mln prft 110 mln loss 367 mln EPS prft Y133.07 loss Y594.91 prft Y136.83 loss Y456.49 Cash flow 171 mln 446 mln from operations Annual div nil nil

Art Vivant-6-month parent forecast

FORECAST FORECAST Sales 1.26 1.12 Operating loss 40 mln loss 220 mln Recurring prft 80 mln loss 160 mln Net loss 100 mln loss 110 mln

Best Buy(R) News Media Policy Eases Store Access For North Carolina's Sales Tax Holiday

BUSINESS WIRE -- Best Buy Co., Inc. (NYSE: BBY) -0- *T What: Best Buy is pleased to participate in North Carolina's upcoming sales tax holiday November 7 - 9. During the holiday, the nation's leading consumer electronics retailer is offering ENERGY STAR-qualified products tax free, including refrigerators, freezers, clothes washers, air conditioners and dehumidifiers. All purchases should be for personal, non-commercial use. Local Best Buy BlueShirts are available for live or taped in- store interviews and can offer: -- Information about the latest technology -- B-roll or photography How: Best Buy Public Relations Department is instituting a "manager-approval" news media policy for newspaper, TV and radio reporters for the sales tax holiday.

Best Buy Coughs Up $54 Million for Napster

MarketWatch reports that Best Buy has decided to toss $54 million into an acquisition of Napster. All told the deal amounts to around $121 million, with about $67 million headed towards getting cash and short-term investments from Napster's balance sheet. "The deal will give Best Buy an online digital music retail outlet as well as a subscription streaming service that has about 700,000 subscribers. That could help Best Buy to compete against retail giant Wal-Mart, which has its own online digital music offering."

Best Buy Debuts Store Designed for Women

Richfield, Minn.-based Best Buy Co. Inc. debuted a new store designed for women in the Denver area on Oct. 4. The company tailored the Arapahoe/Parker store, located at 15800 E. Briarwood Circle in Aurora, Colo., to meet the unique needs of the Denver market by gathering insight from local consumers. The design of the store reflects the Colorado lifestyle and sentiment of the people. Local residents assisted Best Buy in choosing the store furnishings, so that the room displays would exemplify elements of a traditional Colorado home. These features include softer lighting, lifestyle imagery and more neutral-tone colors in display areas. Best Buy will also offer educational classes pertaining to the specific interests of the Denver community. While designing the store, Best Buy integrated key insights from women and consulted with its Women

O2 Wireless Inks Deal with Best Buy

ENGLEWOOD CLIFFS, N.J., Nov. 20 /PRNewswire/ -- O2 Wireless, a nationwide provider of prepaid cellular service that features highly competitive rates and FREE International long distance to 50+ countries, has inked a deal with Best Buy, to offer the NEW O2 Wireless Universal SIMCard[SM] and O2 Wireless airtime recharge cards in 1,150 Best Buy, Best Buy Mobile stores, Best Buy kiosks and online at BestBuy.com.

Buy-Side Technology Names OnePipe? ?Best Buy-Side Newcomer?

Buy-Side Technology Awards 2008 has named OnePipe™ Optimal Liquidity Management System as this year’s “Best Buy-Side Newcomer.” OnePipe is offered by Pragma@Weeden, the leading algorithmic trading service from Weeden & Co., LP, a full-service institutional broker, and Pragma Financial Systems, LLC, a quantitative financial technology provider.

GameStop Acquires Micromania, France's Leading Video Game Retailer

GRAPEVINE, Texas --(Business Wire)-- GameStop (NYSE: GME), the world's largest video game retailer, today announced that it has reached a definitive agreement to acquire Micromania, France's leading video game retailer with 332 locations throughout the country, from private equity fund L Capital.

Best Buy To Buy Napster For $121 Million

Best Buy Co Inc plans to buy digital music service Napster Inc for $121 million in cash in an effort to compete with Apple's dominant iTunes service and its iPod music players.

Best Buy gets antitrust approval to buy Napster

WASHINGTON - Retailer Best Buy has been given antitrust approval to buy digital music service Napster, the Federal Trade Commission said on Wednesday.

Best Buy gets antitrust approval to buy Napster

WASHINGTON (Reuters) - Retailer Best Buy has been given antitrust approval to buy digital music service Napster, the Federal Trade Commission said on Wednesday.

Best Buy gets antitrust approval to buy Napster

WASHINGTON, Oct 1 (Reuters) - Retailer Best Buy has been given antitrust approval to buy digital music service Napster, the Federal Trade Commission said on Wednesday.

Piper Jaffray Upgrades GameStop (GME) to Buy; $35 PT

Piper Jaffray upgrades GameStop (NYSE: GME) from Neutral to Buy but lowers its price target from $35 to $50, citing valuation and healthy fundamentals.

FAQ: Paulson bailout plan and mortgages

The Treasury is asking for $700 billion to buy, own and sell mortgages and mortgage-backed securities. Under the Treasury's proposal, the Cabinet department would be able to buy these assets, sell them and use that money to buy more. The Treasury would have a two-year window to buy securities, beginning with the enactment of the law that would grant the Treasury these powers.

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