GameStop’s stock declined 1% on Oct. 28, extending its 11% decline over the last month. The retailer announced warrants distribution to shareholders and convertible noteholders as part of a “warrant dividend” to raise capital without immediate share dilution. GameStop stock is down 24% year-to-date but saw a 2% gain over the weekend.

GameStop declared itself a neutralizer of the “console wars,” a long-running rivalry between video game hardware makers. The retailer’s post on social media declared the wars over and vowed to continue as a demilitarized zone for all sides. Sony’s PlayStation dominates the global gaming console market with a 45% market share, followed by Nintendo and Xbox.

Microsoft unveiled Halo: Campaign Evolved, a ground-up remake of Halo: Combat Evolved’s campaign. This marks the 25th anniversary of the franchise, which has sold approximately 81 million games. The news sent ripples through the gaming community, framed as a “definitive return trio.”

Microsoft’s stock rose 2% on Oct. 28, and Sony’s stock was up 0.6% as investors bet on cross-platform play reigniting Xbox sales. Microsoft aims for 30% profit margins for its Xbox gaming unit. The White House reposted GameStop content, showing interest in the ongoing console war amid discussions on digital competition and American innovation.

Read more at Yahoo Finance: GameStop leverages ‘console wars’ for stock rebound