Handleman Company, www.handleman.com, today announced that it has entered into a purchase agreement to acquire privately-owned Crave Entertainment Group (“CEG”), a distributor of video game software, hardware and accessories to major retailers throughout the United States. Products distributed by CEG support all video game platforms, including platforms provided by Sony, Nintendo and Microsoft. The transaction, which is expected to close in the next 45 days, is subject to regulatory approvals, the obtaining of adequate financing and other customary closing conditions.
