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Gamestop (GME) announces amazing deal to buyback stock, but only for store credit.

Gamestop (GME) announces amazing deal to buyback stock, but only for store credit.

Gamestop (GME), after remaining silent for weeks on their stock's meteoric rise alongside internet group WallStreetBets, has announced their unique plan to capitalize on the moment.

stevenRsiegel

Thursday afternoon, Gamestop CEO Ryan Chewy told the Wall Street Bets Journal (editor note: WSJ recently changed their name to appeal to a younger audience) that Gamestop will be offering to all shareholders the ability to sell their stock back to Gamestop in return for store credit.

"The deal is, quite frankly, amazing. I'm so glad we're able to give power to the players."

For every share of Gamestop stock shareholders allow Gamestop to buyback, they will receive $2.41 in store credit, usable on Funko POP (FNKO) figurines, any new Game Boy Advance Games, or Playstation 5 purchases made in-store before 2/1/2021.

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