GameStop increased its economic stake in eBay to 9.0% according to an amended Schedule 13D filing. The company now reports beneficial ownership of approximately 39.9 million shares, held primarily through derivatives.
The filing reiterates a non-binding proposal first issued on May 3, 2026, to acquire eBay for $125 per share. The proposed deal structure consists of 50% cash and 50% stock. This move follows the eBay board's May 12 rejection of the initial offer as neither credible nor attractive.
GameStop has satisfied the Hart-Scott-Rodino antitrust waiting period. This regulatory milestone enables the company to settle its derivatives for physical shares rather than cash.