GameStop acquires wireless company Spring Mobile
Retailers buys AT&T retailer Spring Mobile for undisclosed sum; more details coming in 2014.
GameStop has purchased AT&T wireless retailer Spring Mobile, CEO Paul Raines announced today during an earnings call. The acquisition will help GameStop move into the wireless market, Raines said.
Further details regarding GameStop's acquisition of Spring Mobile will be announced in 2014.
Spring Mobile is an AT&T wireless retailer based in Salt Lake City that operates 150+ stores across the United States and employs around 650 people. The company acquired A-Link Wireless in September, which will also join GameStop as part of the acquisition.
An acquisition price was not specified. GameStop today reported better-than-expected earnings for its latest quarter, hauling $2.11 billion in revenue and a profit of $68.6 million.
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