GameStop Climbs 4% as $358M Cash Payment Caps Dilution, Roblox Slips, TakeTwo Interactive Treads Water
News Source : 24/7 Wall St.
News Summary
- GameStop just rewrote the terms of a billion-dollar note exchange overnight.
- The company amended its exchange agreements to fix the total share count and pay part of the consideration in cash.
- Meanwhile, Roblox stock is down 1% to $38.12 as investor-alert activity continues to pressure sentiment.
- Take-Two Interactive ( NASDAQ:TTWO ) stock is up 0.1% ahead of its Grand Theft Auto VI launch.
- The video game group isn’t moving together today.
Quick Read GME jumped 3% after fixing total shares at 55.5 million and adding a $358M cash payment to eliminate the dilution overhang.
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