--- title: "GameStop's eBay Pursuit Resurfaces After Stake Climbs to 9.8%" type: "News" locale: "en" url: "https://longbridge.com/en/news/293215443.md" description: "GameStop disclosed a 9.8% stake in eBay, increasing its holdings to 43.4 million shares. This reignites GameStop's pursuit of an acquisition, following a rejected $56 billion non-binding proposal by CEO Ryan Cohen. Despite eBay's board rejecting the offer as unattractive, GameStop continues building its position and reaffirms its intent to acquire the platform. Both stocks saw slight gains amid renewed market attention." datetime: "2026-07-20T12:21:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293215443.md) - [en](https://longbridge.com/en/news/293215443.md) - [zh-HK](https://longbridge.com/zh-HK/news/293215443.md) generator: "portal-rs" --- # GameStop's eBay Pursuit Resurfaces After Stake Climbs to 9.8% **GameStop Corp.** (NYSE:GME) is back in focus Monday after the company disclosed a 9.8% stake in **eBay Inc.** (NASDAQ:EBAY) on Friday, reigniting attention on its pursuit of the e-commerce platform. - eBay stock is trading at elevated levels. Where is EBAY stock headed? ## **GameStop Boosts eBay Stake to 9.8%** According to a regulatory filing made late Friday, GameStop now owns 43.4 million shares of eBay, representing a 9.8% stake in the company — a sharp increase from the 5% economic stake CEO **Ryan Cohen** initially disclosed when he approached eBay’s board in May. GameStop acquired more than 3.5 million shares for $381.3 million between June 8 and June 15, followed by roughly 39 million additional shares through put/call pairs on June 17. ## **Cohen Vows to Pursue eBay Deal** GameStop submitted a non-binding proposal on May 3 to acquire all outstanding eBay shares it doesn’t already own for $125 per share in a cash-and-stock deal, valuing the transaction at approximately $56 billion. eBay’s board rejected the offer, calling it “neither credible nor attractive.” Despite the rejection, GameStop has continued building its position and reaffirming its intent to pursue the deal, with Cohen stating he intends to acquire the platform “one way or another.” The proposed transaction remains non-binding and would be subject to negotiation, financing, regulatory approvals, and stockholder votes from both companies. **Read Also: Stock Market Today: S&P 500, Dow Jones Futures Gain as Trump Says Iran is 'Very, Very Badly Damaged'— Eva Live, RTX, Synopsys in Focus** ## GameStop, eBay Shares Trade Flat **Price Action:** At the time of publication, GameStop shares are trading 0.05% higher at $21.90 and eBay shares are trading 0.84% higher at $113.00, according to data from Benzinga Pro. *Image via Shutterstock* ### Related Stocks - [GME.US](https://longbridge.com/en/quote/GME.US.md) - [EBAY.US](https://longbridge.com/en/quote/EBAY.US.md) - [GMEU.US](https://longbridge.com/en/quote/GMEU.US.md) - [GMEY.US](https://longbridge.com/en/quote/GMEY.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [GOAI.US](https://longbridge.com/en/quote/GOAI.US.md) - [RTX.US](https://longbridge.com/en/quote/RTX.US.md) - [SNPS.US](https://longbridge.com/en/quote/SNPS.US.md) - [GME+.US](https://longbridge.com/en/quote/GME+.US.md) - [GOAID.US](https://longbridge.com/en/quote/GOAID.US.md) ## Related News & Research - [ABN AMRO Bank N.V. Makes New Investment in eBay Inc. $EBAY](https://longbridge.com/en/news/296015282.md) - [eBay (EBAY) Beat Earnings, Is The Stock Still Slightly Undervalued?](https://longbridge.com/en/news/296008577.md) - [Advisors Capital Management LLC Purchases New Stake in eBay Inc. $EBAY](https://longbridge.com/en/news/296578631.md) - [eBay SVP, Chief Commercial Officer Jordan Sweetnam sells 1,014 shares for $102,809.46](https://longbridge.com/en/news/296544847.md) - [Insight Guru says eBay valuation lags peers despite 21% operating margin, 14.7% revenue growth](https://longbridge.com/en/news/296380333.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**