GameStop to buy Norway record shop

GRAPEVINE, Texas GameStop has agreed to purchase 100% of the outstanding share capital of Free Record Shop Norway. Following the acquisition of the 49 locations, the company will operate a total of 160 locations throughout Norway, Sweden, Denmark and Finland.

Richard Fontaine, chairman and ceo of GameStop, commented, "We are pleased to have worked with Hans Breukhoven and his entire management team at Free Record Shop to complete this acquisition. We look forward to expanding our productive business model in the Norwegian market and partnering with the knowledgeable and energetic store personnel at Free Record Shop. This transaction is another step in our strategy of bringing move video game stores to growth markets around the world."

The transaction is expected to close in early April.