GameStop increases stake in eBay to more than 6%

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Reuters

Wed, May 20, 2026 astatine 9:24 AM CDT 1 min read

May 20 (Reuters) - GameStop has accrued its involvement successful eBay to ‌about 6.55%, the videogame retailer ‌disclosed successful a filing connected Tuesday, days ​after the e-commerce institution rejected its $56 cardinal takeover bid.

GameStop antecedently owned astir a 5% involvement successful eBay and ‌some analysts said ⁠its CEO Ryan Cohen could yet propulsion for a ⁠special shareholder gathering oregon question committee practice much supportive of his ​proposal.

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In an ​interview with writer ​Piers Morgan past ‌week, Cohen had said eBay's committee had a work to prosecute with his connection successful the champion interests of shareholders, adding that "we'll bash ‌whatever we request to ​do" if it failed ​to ​do so.

EBay rejected the bid ‌over concerns astir the ​financing of ​the deal, portion highlighting its turnaround efforts and improving growth.

(Reporting by ​Harshita ‌Mary Varghese successful Bengaluru and Svea ​Herbst-Bayliss successful New York; Editing ​by Sriraj Kalluvila)

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