Tech Star Posted September 20, 2009 Share Posted September 20, 2009 Dow Jones cornered Best Buy's CFO at an investor conference and asked if he'd comment on speculation the retailer might buy GameStop. Ryan Robinson declined to do so, but said some things that still keep the subject alive. "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." This is all in response to the site Bloggingstocks.com, which speculated on Tuesday that GameStop could be an acquisition target. Of course, it might also cost north of $4 billion to do that, which is dough Best Buy doesn't have. Leveraging the deal or doing a stock swap then commits Best Buy to the bricks-and-mortar game retail business for the long term, and Robinson noted the industry's shift toward digital distribution. He also pointed out the company's test of in-store kiosks that buy back used games. Best Buy US CFO: Used Video Games 'Strategically Interesting' [Dow Jones Newswires on The Wall Street Journal.com] NO! If this happens it is a big screw you to us. If Best Buy buys out GameStop/EB Games we will have less competition, which in the end will mean less sales for us. With BestBuy already giving GameStop some competition in the used games department we can lose that if they buy GameStop. :( Link to comment Share on other sites More sharing options...
fix-this! Posted September 20, 2009 Share Posted September 20, 2009 well gamestop is sort of a joke anymore and i can't find many by me anymore. also you have to remember that best buy dominates the market now that circuit city, compusa and alot of other businesses closed shop. Link to comment Share on other sites More sharing options...
MistaT40 Posted September 20, 2009 Share Posted September 20, 2009 Games at Gamestop/EB are alway priced more than other places and I'm increasingly finding that the staff that works at EB knows less and less about the video games such as one guy telling me that there is no Buzz TV for PS3 or another that said there was no Sing Star for PS3 (even though it was just released a couple weeks ago). On the other hand, I don't want BB to buy them up and I hope they don't. Link to comment Share on other sites More sharing options...
neoadorable Posted September 21, 2009 Share Posted September 21, 2009 it won't be a good thing if this happens. personally i miss good old Egghead and Software Etc. Link to comment Share on other sites More sharing options...
I am Reid Posted September 21, 2009 Share Posted September 21, 2009 The "used game" factor for Gamestop is a joke, they give you **** for your games, and then sell it for $5 less than retail. Link to comment Share on other sites More sharing options...
sbauer Posted September 21, 2009 Share Posted September 21, 2009 Best Buy has made some stupid acquisitions over the years. I wouldn't be surprised if they were sniffing around GameStop too. Link to comment Share on other sites More sharing options...
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