GameStop raises eBay stake to 6.6 percent amid bid
GameStop has increased its stake in eBay to approximately 6.6 percent following the rejection of an unsolicited 56 billion dollar takeover bid. CEO Ryan Cohen is reportedly laying the groundwork for further action as he seeks to take the offer directly to the e-commerce company's shareholders.
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GAMESTOP CORP-CLASS A increased its stake in EBAY INC to 6.6% from 5% as part of a $56B acquisition push. The move follows eBay's rejection of an unsolicited bid that the e-commerce giant called neither credible nor attractive. CEO Ryan Cohen is positioning to bypass the board and take the offer directly to shareholders in the United States.
