September 21, 2014 4:39 AM ET

Specialty Retail

Company Overview of GameStop Corp.

Company Overview

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. The company sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; personal computer (PC) entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; digital products, including downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; strategy guides, magazi...

625 Westport Parkway

Grapevine, TX 76051

United States

Founded in 1994

17,000 Employees

Phone:

817-424-2000

Key Executives for GameStop Corp.

Chief Executive Officer and Director
Age: 50
Total Annual Compensation: $2.0M
President
Age: 50
Total Annual Compensation: $1.4M
Executive Chairman
Age: 66
Total Annual Compensation: $1.8M
Chief Financial Officer and Executive Vice President
Age: 52
Total Annual Compensation: $1.0M
Executive Vice President of Gamestop International
Age: 53
Total Annual Compensation: $998.3K
Compensation as of Fiscal Year 2013.

GameStop Corp. Key Developments

GameStop Corp. to Exit the Spanish Market

GameStop Corp. is making a strategic move to exit the Spanish market, where it operates more than 70 stores. The retailer will transfer the ownership of a Spanish portfolio of GameStop stores to GAME Digital Plc and begin closing the remainder of its retail sites this year. GameStop chose to exit the Spanish market after reviewing the financial performance and future opportunities.

GameStop Corp. Announces $250 Million Private Offering of Senior Notes

GameStop Corp. announced that, subject to market conditions, it intends to offer and sell $250 million in aggregate principal amount of unsecured senior notes due 2019 to eligible purchasers in a private offering. The company intends to use the net proceeds from the notes offering to pay down its $400 million asset-based facility and for general corporate purposes, which may include acquisitions, dividends and stock buybacks.

GameStop Mulls Acquisitions

GameStop Corp. (NYSE:GME) is looking for acquisitions. GameStop Corp. intends to offer and sell $250 million in aggregate principal amount of unsecured senior notes due 2019 to eligible purchasers in a private offering. Net proceeds will be used to pay down $400 million asset-based facility and for general corporate purposes, which may include acquisitions, dividends and stock buybacks.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 15, 2014
GameStop Corp., Portfolio of Spanish Stores
Buyback
November 21, 2013
--
Merger/Acquisition
November 21, 2013
Spring Communications, Inc.
 

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