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GameStop shares rise 2.8% after $1.40 billion debt exchange

Verifying
  • GameStop amended noteholder agreements to exchange and cancel convertible notes due in 2030 and 2032.
  • 55.5 million shares and $358.40 million in cash will replace the original all-stock settlement.
  • GameStop held approximately 43.4 million eBay shares worth about $4.95 billion on Aug. 1.
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