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Gamestop Seeks Funding For Merger

Posted by Zonk on from the oh-now-they-look-for-money dept.

GamesIndustry.biz is reporting that the EB/Gamestop merger is pending a $950 million investment Gamestop is seeking to close the deal. From the article: "GameStop has announced the sale of USD 950 million in notes to investors, which the company will repay in six or seven years, with interest, in a move aimed at financing the firm's forthcoming merger with Electronics Boutique. The company has offered the sale of USD 650 million in Senior Notes priced at 98.688 percent with an 8 percent fixed rate of interest, and USD 300 million in full priced Senior Floating Rate Notes which will bear interest at the London Inter Bank Offering Rate of 3.875 percent."

1 of 19 comments (clear)

  1. Instant Money by Gogo0 · · Score: 2, Funny

    If they can sell three or four of those Xbox2 bundles, they should be set.