GameStop Stock Price Raises Almost 6% In the Wake of Microsoft Backpedaling on DRM

on June 19, 2013 7:25 PM

By now we all know that Microsoft backpedaled on its draconian DRM policies for the Xbox One, and while that can definitely be defined as a victory for the gamers, there’s someone else that’s probably rubbing his hands in satisfaction right now. That someone sits in GameStop’s offices.

In the wake of the announcement from Microsoft, the price of the retailer’s stock soared, raising by a very flattering 5.76% on the New York Stock Exchange during after hours trading.

The gamers have won the battle, but looks like GameStop is the first to bring home some loot.

gamestopstocks

 /  Executive News Editor
Hailing from sunny (not as much as people think) Italy and long standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality) and MMORPGs are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans of the flight simulator genre on Earth.
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