WHAT HAPPENED
s authorized shares of Class A common stock. The amendment received 68.7% of votes cast. The company said the change GameStop shares rose 31 cents, or 1.31%, to $23.66 in late-morning trading on the New York Stock Exchange at 11:13 a.m. The gain came after the stock fell 3.71% on Monday to close at $23.90 and slipped further on Tuesday. In May, the company made a nonbinding offer to buy eBay for $125 a share, or about $56 billion, in a deal split equally between cash and GameStop stock. GameStop said it had a $20 billion debt commitment to help fund the purchase, along with about $9.4 billion in cash.
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