Gaming retailer GameStop wants to add 1.5 billion shares to its authorized share count as it seeks to maximize financial flexibility.

GameStop Corp (NYSE:GME) shares are jumping Wednesday after a new filing revealed that the company has increased its ownership stake in eBay Inc (NASDAQ:EBAY) to roughly 6.6% from…

GameStop raises its stake in eBay to over 6%, intensifying its $55.5 billion unsolicited takeover bid that eBay's board has already rejected.

Gaming retailer GameStop wants to add 1.5 billion shares to its authorized share count as it seeks to maximize financial flexibility.

“Uma reserva de ações autorizadas garante que a GameStop possa agir de forma decisiva quando surgir a oportunidade certa”, disse a empresa no texto

GameStop filed a proxy to increase authorized shares from 1 billion to 2.5 billion, citing its ongoing pursuit of eBay where it holds a 6.55% stake.