GameStop to sell Spring Mobile business for $700 mln

Nov 21 (Reuters) - Videogame retailer GameStop Corp said on Wednesday it will sell its Spring Mobile business to Prime Communications LP for $700 million.

Spring Mobile owns and operates 1,289 AT&T wireless stores.

The transaction is expected to close in the fourth quarter of fiscal 2018, GameStop said. (Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta)

2018-11-21 19:56:10

© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.