GameStop logo is seen in this illustration taken September 9, 2025. REUTERS/Dado Ruvic/Illustration
18 Jul 2026 07:03AM
(Updated: 18 Jul 2026 07:11AM)
July 17 : Videogame retailer GameStop owns nearly 10 per cent of e-commerce company eBay, the company said in a regulatory filing late on Friday, nearly three months after making an unsolicited offer to buy eBay for roughly $56 billion.GameStop said it owns 43.4 million outstanding shares of eBay, or 9.8 per cent, marking a dramatic increase in ownership from early May when GameStop CEO Ryan Cohen told eBay's board chairman "we have accumulated a 5 per cent economic stake" through derivatives and beneficial ownership.GameStop bought 3.5 million eBay shares for roughly $381 million last month and said it settled 39 million eBay shares from put/call pairs on Friday.
Source: Reuters
