Channel NewsAsia
AsiaPac · 25 mins ago
GameStop owns nearly 10% of eBay, SEC filing shows
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 pu
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