Wednesday, Blockbuster Inc. (BBI) said it sold Games Station Ltd, the company's 217-store specialty games retailer in the UK, to THE GAME GROUP PLC - a UK-based specialist retailer of PC and video games, for about $150 million in cash.The sale is part of Blockbuster's efforts to divest non-core assets and some of its international operations.The company expects to use most of the sale proceeds to pay down debt. Citi served as financial advisor to Blockbuster for the transaction.Blockbuster acquired Gamestation in October 2002 and in four years grew the chain from 64 stores to more than 200 locations.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.