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City Slickers: Your move, Stan.

DIXONS boss Sir Stanley Kalms is considering a bid for troubled computer games seller Electronics Boutique, City sources tell us.

Shares in Electronics Boutique have collapsed to just 31p, compared to 115p less than a year ago.

The firm is now valued at around pounds 110 million, though its latest trading statement shows it still commands a 30 per cent share of the lucrative games market. Its website alone, ElectronicsBoutique.com, is valued at 20p a share, if floated off separately.

Insiders say that although the share price is so low, it is expected to benefit from the launch of PlayStation 2 later this year, and improving sales of Dreamcast.

A stream of major new games releases are also on the way, including Age of Empire 2, Theme Park World and Final Fantasy 8.

Kingfisher, owner of Comet, is likely to be watching developments with interest.
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Title Annotation:Features
Author:Bhoyrul, Anil; Hipwell, James
Publication:The Mirror (London, England)
Date:Jan 19, 2000
Words:146
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