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Synnex Buying Gaming Distributor

12/22/2009 09:24:04 AM Eastern

Fremont, Calif.
- Synnex, parent of CE distributor New Age Electronics, has entered into a
definitive agreement to acquire the North American assets of Jack of All Games,
a $282 million video game distributor based in West Chester, Ohio.

Synnex said the $43.3 million cash deal will provide it with an
established distribution footprint in the $20 billion video game hardware and
software segment. Following the acquisition, from parent Take-Two Interactive
Software, Synnex will retain the distribution rights for game consoles, video
games, PC software and accessories from leading video game manufacturers and
publishers including Activision Blizzard, Electronic Arts, Microsoft, Nintendo
and Sony, as well as Take-Two.

"Jack of All Games is a well-respected leader in this space," said
Synnex president/CEO Kevin Murai. "We are excited about the growth
opportunities this acquisition brings, and the value we will create for our
customers and vendors as we capture synergies with our core distribution
business, particularly through our 2008 acquisition of New Age Electronics."

The transaction is expected to close in the March 2010.