GameStop Increases Stake in eBay to Nearly 10% Following Rejected Takeover Bid
GameStop increased its stake in eBay to nearly 10%, according to an SEC filing, after the latter's board rejected a $55–$56 billion takeover offer. Ryan Cohen is positioning GameStop as one of eBay’s major shareholders and may pursue further action.
Topics: eBay GameStop Ryan Cohen SEC filing shareholder stake increase