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GameStop CEO Ryan Cohen lifts eBay stake to about 7.8% and signals takeover push

GameStop CEO Ryan Cohen has raised the company’s stake in eBay to about 7.8% and waived a large performance award as he focuses on advancing an acquisition effort, including plans to take his proposal directly to eBay shareholders. The move is presented as a defined strategic push rather than a tentative signal. Although eBay’s market value is about five times GameStop’s, GME has $8.4 billion in cash and total liquidity near $9.7 billion, giving it leverage in talks. The development is framed as a meaningful near-term catalyst for GameStop shares.
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