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GameStop to sell Spring Mobile business for $700 million

November 21, 2018 6:16 PM
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(Reuters) - The world’s largest video game and gaming console retailer GameStop Corp said on Wednesday it will sell its Spring Mobile business to Prime Communications LP for $700 million.

GameStop said proceeds from the sale may be used to reduce debt, fund share repurchases and reinvest in core video game and collectibles businesses.

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