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GameStop Acquires French Retailer

Grapevine-based GameStop Corp. announced it has acquired Micromania, a French video game retailer that has 332 locations throughout the country. The transaction, worth about $700 million in cash including the assumption of debt, still needs to be cleared by the European Commission and is expected to close in November.

GameStop bought Micromania from L Capital, a private equity fund that was the company's controlling shareholder. GameStop didn't have any stores in France, but the Micromania acquisition will put GameStop's European store count at more than 1,077.

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