GameStop Sets $300M Buyback; to Open 400 More Stores

GameStop (GME) late Monday announced plans to buyback $300 million of its common stock, as part of its “2010 Capital Allocation Plan.” The video game retailer intends to spend another $200 million to open 400 new stores and for other capital spending, with $100 million reserved for acquisitions.

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Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

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