Friday, February 4, 2011

GameStop Ups Stock Buyback Plan To $500M

Grapevine, Texas-based videogame retailer GameStop said this morning that it has authorized $500M in additional funds for its buyback plans. The new authorization replaces an earlier, $300M buyback plan announced by the firm in September. The firm said the funds will go towards repurchasing of its stock and/or senior notes over the next 18 months.