GameStop gains after revising $1.4 bln debt exchange

GameStop

31/08/2026 12:58

** Shares of video game retailer GameStop GME.N rise 3.6% to $18.5 premarket
** Co says it amended its previously announced debt exchange of $1.4 bln
** Revised deal would pay about 27% in cash, or roughly $358.4 mln, with remainder paid in stock
** Co expects Q2 net income between $290 mln and $310 mln, up from $168.6 mln a year ago
** Outlook includes roughly $238 million of net gains related to eBay EBAY.O derivative and equity investments
** As of last close, stock down 11% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))