GameStop acquires Rhino from Blockbuster

The figures of the deal have yet to be disclosed, but Blockbuster, which also owns UK games chain Gamestation, has said that the deal will be finalised by the end of the month.

It is another step in Blockbuster’s renewed focus on its core assets, which has prompted huge speculation over the future of fellow games chain Gamestation in the past. While Gamestation has recently benefited from re-investment, it seems US chain Rhino was the more expendable asset. Blockbuster will also continue to focus on its game rental business.

GameStop CEO R. Richard Fontaine said of the deal: “The location of most Rhino stores do not overlap existing GameStop sites, and primarily serve secondary and tertiary markets where we have been very successful.”

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