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Video game rental service GameFly files for a $50 million IPO

GameFly, the largest online video game rental subscription service in the US, filed on Wednesday with the SEC to raise up to $50 million in an initial public offering. The Los Angeles, CA-based company, which was founded in 2002 and booked $83 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol GFLY. GameFly charges users a monthly subscription...read more

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