GameStop’s Bold Move: From $1.75B to $2.25B – What Could Go Wrong? đ
In a press release that could rival the most dramatic of stage plays, GameStop announced on June 12 that these notes, which, mind you, do not pay interest (because who needs that?), are due in 2032. They will be sold privately to large institutional investors, those mysterious figures who seem to have more money than sense. And just to spice things up, GameStop has thrown in the option for buyers to purchase an additional $450 million worth of notes, potentially bringing the grand total to a dizzying $2.7 billion. What a generous offer! đ