Now currently the world’s largest multichannel retailer of
video games, GameStop traces its root back to Babbage’s, a small software retailer
that started in Dallas, Texas The transformation from Babbage into GameStop
began with a series of mergers first was with Software Etc.
In 1999, Babbage Etc. was sold to Barnes & Noble. The
Second Merger was with Funco Inc. This was acquired by Barnes & Noble in
June 2000.
At the end of 2000, Funco changed its name to GameStop and,
in 2002; The Establishment finalized its initial public offering on the New
York Stock Exchange.
In the late 2004, GameStop broke free off of Barnes &
Noble with its buy back of six million share of stock from the book seller.
GameStop then continued to obtain Electronics Boutique (EB Games) in 2005.
Early in 2007 GameStop Bought Rhino Video Games from
Blockbuster. The Company also executed a two for one stock split in March of
2007.
In Aug. of 2008, R. Richard Fontaine became GameStop Corp.
Executive Chairman. Also in 2008 GameStop acquired Mircomania, France’s leading
video game retailer.
In July of 2010, GameStop attained Kongregate, a leading
free-to-play social gaming destination. This year also had the launch of GameStop®
PowerUp Rewards™, a best-in-class customer loyalty program that now boasts more
than 14.5 million.
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