GameStop Increases Stake in eBay Amid Ryan Cohen's Push for Acquisition
Ryan Cohen, CEO of GameStop (GME), has increased his stake in eBay (EBAY) to 7.8%, following a prior increase on May 20 from 5% to 6.6%. Despite the move being rejected by eBay’s board as 'unrealistic,' Cohen remains committed to pursuing an acquisition, though GameStop's stock is down nearly 19.49% since his offer was made public.
Topics: acquisition meme stock stock performance