GameStop (NYSE: GME) Boosts eBay (NASDAQ: EBAY) Stake To 7.78% As Ryan Cohen Intensifies Acquisition Push
3 Articles
3 Articles
GameStop ups eBay stake as CEO Cohen pursues pressure campaign
GameStop Corp. is taking steps to increase its stake in eBay Inc., possibly in preparation for a hostile takeover bid that could resonate well beyond North Texas. Read on to learn about the latest in CEO Ryan Cohen's effort to overhaul the video game retailer.
GameStop (NYSE: GME) Boosts eBay (NASDAQ: EBAY) Stake To 7.78% As Ryan Cohen Intensifies Acquisition Push
GameStop (NYSE: GME) has expanded its economic exposure in eBay (NASDAQ: EBAY) to 7.78%, up from the 6.55% stake reported just days earlier on May 20. A new Schedule 13D filing submitted to the U.S. Securities and Exchange Commission revealed that GameStop now holds direct ownership of 25,000 eBay shares alongside derivative-based exposure tied to more than 34.5 million additional shares through put and call arrangements. The combined direct and…
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