It was revealed today that video game retailer GameStop will aquire rival Electronic Boutique (EBGames) in a deal worth $1.44 billion in cash and stock. According to CNet News, EBGames shareholders will receive $38.15 in cash and the equivalent of 0.78795 shares of GameStop Class A common stock in exchange for their share. Both GameStop Chairman and Chief Executive Richard Fontaine and Chief Operating Officer Daniel DeMatteo will retain their respective titles in the company after the merger is complete.

Below is a brief company profile taken from GameStop.com:

Headquartered in Grapevine, TX, GameStop.com Inc., a wholly owned subsidiary of GameStop, Inc., is the world’s largest online video game and entertainment software specialty retailer.

GameStop.com Inc. sells the most popular new software, hardware and game accessories for the PC and next generation game console systems from Sony, Nintendo, Microsoft and Sega and is also the industry’s largest reseller of pre-played games. In addition, GameStop.com sells computer magazines and strategy guides, action figures, collectible trading cards, and other related merchandise to the more than 30 million customers that visit the company’s site each year.