GameStop Raises Stake in eBay to 10% After Board Rejection of Takeover Bid
Deals·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
GameStop has disclosed that it has raised its stake in eBay to 10%, which is roughly double the amount it owned in May. This move comes after eBay's board rejected GameStop's takeover bid, indicating that Ryan Cohen is preparing for a bigger fight.
The increase in stake reflects GameStop's ongoing interest in pursuing a deal with eBay despite the board's decision. The company aims to strengthen its position in the market as it navigates this challenging acquisition landscape.
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Sources
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SourceReports the news
“GameStop Just Raised Its Stake in eBay to 10% After the Board Rejected Its Takeover Bid. Ryan Cohen Is Preparing for a Bigger Fight.”
Yahoo Finance — GameStop Just Raised Its Stake in eBay to 10% After the Board Rejected Its Takeover Bid. Ryan Cohen Is Preparing for a Bigger Fight.“<figure><div><img”
retail dive — GameStop discloses 10% eBay stake as it pushes for a deal