GameStop owns nearly 10% of eBay, SEC filing shows
GameStop now holds 43.4 million eBay shares and says it will keep pursuing a deal after the online marketplace rejected its offer.
- On Friday, GameStop disclosed in a regulatory filing it owns 43.4 million shares of eBay, representing nearly 10 per cent of the company and signaling intent to press ahead with acquisition plans despite the board's earlier rejection.
- Two months ago, GameStop CEO Ryan Cohen proposed buying eBay for roughly $56 billion, but the board rejected the bid; shareholders subsequently approved increasing the company's authorized share count to enable the pivot.
- Last month, the retailer purchased 3.5 million eBay shares for roughly $381 million and settled 39 million shares from put/call pairs on Friday, converting its economic stake into direct ownership.
- Wall Street has questioned the deal's financing, which relies on a non-binding $20 billion debt commitment from Securities contingent on an investment-grade rating; Cohen told Bloomberg he is "not going to negotiate against myself."
- Cohen committed $500 million of his own money and recently stated, "We're coming for eBay one way or another," arguing a combined entity would better compete with Amazon despite ongoing takeover skepticism.
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9 Articles
GameStop owns nearly 10% of eBay, SEC filing shows
Videogame retailer GameStop owns nearly 10% of e-commerce company eBay, the company said in a regulatory filing late on Friday, signaling its intent to push ahead with plans to buy eBay even after its unsolicited offer was rejected.
GameStop (NYSE:GME) market value nearly matched by eBay (NASDAQ:EBAY) stake
NEW YORK, July 18, 2026, 10:23 a.m. EDT. U.S. stock exchanges were not open for trading. (Kiplinger) GameStop held a 9.8% stake in eBay valued at $4.86 billion at the close on Friday. (SEC) A $1 shift in eBay alters the value of the holding by $43.4 million. GameStop Corp. (NYSE:GME) has disclosed a 9.8%…
GameStop raised its stake in eBay to 9.8% and made it clear that it will not abandon its attempt to acquire the company, despite the rejection received just two months ago. Ryan Cohen’s strategy now combines an important shareholding with a financing plan that continues to generate doubts on Wall Street. *** GameStop revealed that it controls 43.4 million eBay shares, equivalent to 9.8% of Ryan Cohen insists on buying eBay despite the company’s …
eBay caves as Ryan GameStop wins approval to own nearly 10% of the company
GameStop (NYSE: GME) now owns almost one-tenth of eBay (NASDAQ: EBAY) after turning a large set of financial contracts into actual stock. A filing released late Friday showed the retailer holds 43.39 million eBay shares, equal to 9.8% of the online marketplace. Ryan Cohen is still chasing a takeover even though eBay rejected his first proposal in May. The size of the holding has nearly doubled since early May. At that point, GameStop controlled …
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