The acquisition will give RTO supplier New Age Electronics hardware and software distribution rights for Activision Blizzard, Electronic Arts, Microsoft, Nintendo, Sony, and Take-Two.

New Age Electronics, a major supplier of consumer electronics to the rent-to-own sector, will enter the video game console and software distribution space. New Age parent company SYNNEX Corporation announced today it will acquire Jack of All Games, Inc., giving the company an established distribution footprint in video game hardware and software. For the twelve months ended October 31, 2009, Jack of All Games revenue was approximately $282 million.

New Age charged industry veteran Mike Bertolani with expanding the company's rent-to-own presence in 2008 (see story).

SYNNEX will retain the distribution rights for game consoles, video games, PC software, and accessories from video game manufacturers and publishers including Activision Blizzard, Electronic Arts, Microsoft, Nintendo, Sony, and Take-Two.

"Jack of All Games is a well-respected leader in this space," said Kevin Murai, President and Chief Executive Officer of SYNNEX Corporation. "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. Through this acquisition, SYNNEX will have a meaningful distribution presence in the video game market which extends our portfolio in the lifestyle segment."

In addition to the acquisition of Jack of All Games assets, SYNNEX will add approximately 200 employees throughout the United States and Canada.

Jack of All Games is headquartered in West Chester, Ohio. SYNNEX will pay up to $43.25 million in cash. The transaction, which is subject to normal regulatory and other approvals, is expected to close in the March 2010 timeframe.