GameStop Discloses 9.8% Stake in eBay After Rejection of $56B Offer
GameStop disclosed a 9.8% ownership stake in eBay following the exercise of an option position that converted its holding into directly owned shares. The filing confirms the company now holds 43.39 million shares, granting it voting power over the e-commerce platform.
The disclosure follows a previous unsolicited $56B takeover proposal that was rejected, with the filing signaling the retailer’s intent to continue pursuing a full acquisition. No additional details regarding revised offer terms or a timeline for further steps were included in the filing.
From the sources (6 posts)
@firstsquawkGameStop owns nearly 10% of eBay - RTRS
@reutersGameStop owns nearly 10% of eBay, SEC filing shows
@xmarketnewsBREAKING🚨 GAMESTOP OFFICIALLY OWNS 9.8% OF EBAY GameStop exercised its eBay option position and now has voting power over 43.39 million shares $GME $EBAY
@valueaddedrsGameStop $GME has converted its full eBay position into directly owned shares, giving it voting power over 43.39 million shares, or about 9.8% of $EBAY. 👀
@reutersGameStop owns nearly 10% of eBay, SEC filing shows
@techmemeSEC filing: GameStop says it owns 9.8% of eBay, signaling its intent to press ahead with a bid for the company after its unsolicited $56B offer was rejected (Reuters) (Visit Techmeme dot com for the link and full context!)