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GameStop (GME) to Exit Spanish Market

September 15, 2014 10:05 AM EDT

GameStop (NYSE: GME) announced its intent to exit the Spanish market via the sale of certain retail locations to specialist video games retailer, GAME Digital Plc (GAME) in combination with closures of the remaining locations. Under the terms of this proposed agreement, GameStop will transfer ownership of a portfolio of GameStop stores located in Spain with the remaining retail sites winding down in 2014. GAME already has a strong consumer presence in the country in addition to its... More