GameStop raises eBay stake to 10%; to seek buyout one way or another
Complete. Here is the key summaryGameStop has disclosed a roughly 10% stake in eBay, increasing its ownership from early May. This follows a $56 billion bid made by GameStop to acquire the e-commerce platform. CEO Ryan Cohen stated he intends to pursue the buyout "one way or another." The disclosure was made in a regulatory filing on Friday.
GameStop (GME) has disclosed roughly a 10% stake in eBay (EBAY), indicating a notable increase in ownership from early May when it mounted a $56B bid to buy the e-commerce platform, a transaction CEO Ryan Cohen plans to pursue “one way or another.” In a regulatory filing late Friday, the Texas-based video game retailer reported it owns more than 43...