GameStop seeks to increase its licensed stake and continues its pursuit of acquiring eBay.

CoinFeed reported on May 24 that, according to Decrypt, publicly traded video game and collectibles 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 improve financial flexibility. This proposal is one of five to be voted on at the annual shareholder meeting in July. This move could provide the company with more leverage in its acquisition of eBay, which was previously rejected.