GameStop to Split Stock

Top US games retailer GameStop has announced a two-for-one stock split to attract a wider array of investors.

"As GameStop continues to rapidly grow, we wanted to make our stock more attractive to a broader range of potential investors. This stock split also reinforces the confidence that the Board and I have in the GameStop buy, sell, trade strategy and the future of video game growth worldwide," said R. Richard Fontaine, GameStop chairman and CEO in a statement.

The stock split will take effect after market close February 20, with shares to be distributed March 16.

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