GameStop Seeks Share Count Increase Amid Continued Pursuit of eBay
GameStop (GME) is seeking shareholder approval to increase its authorized share count from 1 billion to 2.5 billion shares, potentially enabling further moves in its pursuit of acquiring eBay (EBAY). The company had previously made an unsolicited $55+ billion offer for eBay that was rejected but has since increased its stake in EBAY to around 6%.
Topics: authorized shares increase eBay acquisition attempt GameStop SEC filing