GameStop seeks to increase authorized common stock to 2.5 billion shares, potentially strengthening its hand for an eBay acquisition

Odaily reports that GameStop (GME), a publicly traded video game and merchandise retailer, has filed with the SEC to request shareholder approval to increase its authorized common stock from the current 1 billion shares to 2.5 billion shares, aiming to enhance financial flexibility. This proposal is one of five to be voted on at the annual shareholders' meeting in July. This move could provide the company with more leverage for a potential acquisition of eBay, after having previously been rejected by the company.