M&A Deal Summary

PrimeMobile Acquires GameStop - Spring Mobile Business

On November 21, 2018, PrimeMobile acquired communications company GameStop - Spring Mobile Business from GameStop for 700M USD

Acquisition Highlights
  • This is PrimeMobile’s 1st transaction in the Communications sector.
  • This is PrimeMobile’s largest (disclosed) transaction.
  • This is PrimeMobile’s 1st transaction in the United States.
  • This is PrimeMobile’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-11-21
Target GameStop - Spring Mobile Business
Sector Communications
Buyer(s) PrimeMobile
Sellers(s) GameStop
Deal Type Divestiture
Deal Value 700M USD

Target

GameStop - Spring Mobile Business

Grapevine, Texas, United States
GameStop Corp. - Spring Mobile Business owns and operates 1,289 AT&T wireless stores.

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Buyer(S) 1

Buyer

PrimeMobile

Sugar Land, Texas, United States

website

Category Company
Founded 1999
Sector Communications
DESCRIPTION

Prime Communications L.P. owns and operates a chain of AT&T products retail stores for personal and business communications. Prime Communications L.P. was founded in 1999 and is based in Sugar Land, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

GameStop

Grapevine, Texas, United States

website

Category Company
Founded 1996
Sector Retail
Employees12,000
Revenue 6.0B USD (2022)
DESCRIPTION
GameStop's corporate headquarters in Grapevine, Texas.
GameStop's corporate headquarters in Grapevine, Texas.

GameStop is a video game and entertainment software retailer. GameStop was founded in 1996 and is based in Grapevine, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Communications) 1 of 1
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Kongregate

San Francisco, California, United States

Kongregate, Inc. is a browser based game site with over 10 million monthly unique visitors who spend more than 23 million hours playing per month. The site features a community and social platform including achievements, profiles, chat, messaging, forums, and levels, which unifies over 30,000 games into a cohesive and addicting experience. Kongregate shares revenue from advertising and virtual goods directly with over 8,500 developers who have uploaded games to the site. Kongregate, Inc. was established in 2006 and is headquartered in San Francisco, California.

Sell $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-26 Simply Mac

Salt Lake City, Utah, United States

Simply Mac, Inc. a certified reseller of Apple's full line of products with 24 stores across the US, and Spring Mobile. Simply Mac was founded in 2006 and is based in Salt Lake City, Utah.

Sell -
Mergr

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