GameStop Corp. will acquire all of the outstanding shares of Geeknet’s common stock for $20 per share in cash, or about $140 million.
GameStop Corp.’s net income rose to $73.8 million in the first quarter, ended May 2, from $68 million, a year earlier.
GameStop Corp. said CEO Paul Raines had unexpected surgery last week for a small cancerous brain tumor.
GameStop Corp. will close 120-130 of its 6,457 stores worldwide in 2014 and add 300 to 400 new tech stores under three different banners: Spring Mobile, Cricket and Simply Mac.
GameStop Corp reported a nearly 50% increase rise in fourth-quarter profit fueled by gains in its mobile and digital businesses.