Canadian EB Games locations will be rebranded into GameStop stores

GameStop acquired EB Games for over $1 billion in 2005

GameStop plans to rebrand nearly 4,000 EB Games stores in Canada by the end of 2021.

The EB Games stores will have GameStop branding on their physical locations and website, a decision the Texas-based company says they made following feedback from customers and stockholders.

GameStop acquired Electronic Boutique Holdings Corp (who own EB Games) for over $1 billion back in 2005.

THE STORY OF GAMESTOP IS ALREADY BEING TURNED INTO A MOVIE

https://barrie360.com/the-story-of-gamestop-and-r-wallstreetbets-is-already-being-turned-into-a-movie/

GameStop made global headlines this year when its stock, valued at a mere $3.25 a year ago, shot up by almost 8,000 per cent over six months.

Individual investors on Reddit pushed GameStop stock up in a bid to hurt hedge funds short selling the stock – which is a way of making money by betting on a stock that is going to decline.