GameStop Increases eBay Stake to Over 6% -- WSJ

Dow Jones05-20

By Lauren Thomas

GameStop said in a filing last night that it now controls the equivalent of 6.55% of the company's outstanding shares, up from around 5%, as it keeps trying to take over the e-commerce business.

Shares in both GameStop and eBay are little changed in premarket trading.

GameStop Chief Executive Officer Ryan Cohen earlier this month made an unsolicited offer to buy eBay for roughly $56 billion. eBay later rejected Cohen's proposal as "neither credible nor attractive." Cohen has maintained publicly that he will keep trying to pursue a deal.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 20, 2026 09:16 ET (13:16 GMT)

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