SAN FRANCISCO (MarketWatch) -- Shares of GameStop Corp. GME +6.15% jumped nearly 7% to $37 on Friday morning after Microsoft clarified its policies surrounding used videogames on the Xbox One console. In a blog post, Microsoft said "we designed Xbox One so game publishers can enable you to trade in your games at participating retailers," adding that it would not charge a "platform fee" for enabling the transfer of used games. The stock took a hit last month after Microsoft MSFT +2.03% first unveiled the Xbox One, as some news reports suggested the company would charge a fee to play pre-owned games on the device. The Xbox One and PlayStation 4 from Sony Corp. are expected to be showcased Monday at the E3 videogame conference in Los Angeles.
http://www.marketwatch.com/story/gamestop-up-as-microsoft-clarifies-xbox-one-policy-2013-06-07









