GameStop is seeking to increase its authorized share count as it continues to pursue the acquisition of eBay

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BlockBeats News, May 24th - Video game and collectibles retail company GameStop (GME) submitted a filing to the SEC requesting shareholders' approval to increase the authorized common stock from the current 1 billion shares to 2.5 billion shares to enhance financial flexibility. The proposal is one of five proposals to be voted on at the annual shareholders' meeting in July.

This move could potentially provide the company with more leverage for its acquisition of eBay, which it was previously denied.

Source: BlockBeats

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