GameStop

Money Moves

Restructuring its balance sheet

GameStop is wiping about $1.4 billion of debt off its books without spending a dollar. Instead of cash, it hands bondholders new shares, so today's shareholders own a smaller slice of the company.

Updated 7 days ago

Money Moves

Business model directly affected

Buy a new PlayStation game in 2028 and there will be no disc to buy. Sony said on July 1, 2026 that it stops making physical discs for all new PlayStation releases from January 2028. New games will sell only as downloads.

Updated Jul 1

Money Moves

Acquirer

On May 3, Ryan Cohen sent eBay's board a $56 billion offer to buy the company. On May 12, the board sent it back. The directors called the bid 'neither credible nor attractive' and pointed to the debt the combined company would have to carry.

Updated May 12