GameStop to buy back $300 million of its stock

Grapevine, Texas GameStop Corp. said late Wednesday that it will buy back $300 million of its stock to help boost its market value and marking the second time this year that GameStop has signaled its stock price represents a bargain.

The video game retailer announced a $300 million buyback that was completed during its fiscal second quarter ended in July.

GameStop also said it will spend $200 million buying back its senior notes to reduce its debt.