informa
1 min read
News

GameStop Sells Notes To Help Fund EB Merger

U.S. specialty video game retailer GameStop has announced that it is selling $300 million in Senior Floating Rate Notes and $650 million in Senior Notes in the company to...
U.S. specialty video game retailer GameStop has announced that it is selling $300 million in Senior Floating Rate Notes and $650 million in Senior Notes in the company to investors, effectively a long-term loan until 2011-2012, in order to help fund its recently regulator-approved merger with fellow retailer Electronics Boutique. A press release put out by GameStop explains: "The net proceeds of the offering will be used to pay the cash portion of the merger consideration to be paid to the stockholders of Electronics Boutique Holdings Corp. in connection with the pending business combination with Electronics Boutique, which transaction is subject to stockholder approval." If completed, the merger between GameStop and EB would create a single company representing 20 to 30 percent of the overall market for video game products in the United States - according to reports, this would include a combined total of 3,800 stories, with 3,200 of them in the U.S., and nearly $4 billion in yearly revenue.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more