GameStop seeks to increase authorized common shares to 2.5 billion, potentially providing more leverage for an eBay acquisition

Odaily reports that listed video game and merchandise retailer GameStop (GME) has filed documents with the SEC, requesting shareholder approval to increase the number of authorized common shares from the current 1 billion to 2.5 billion to enhance financial flexibility. The 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 in its potential acquisition of eBay, after a previous bid was rejected.