Videogame retailer GameStop disclosed in a regulatory filing on Friday, July 17, 2026, that it owns 43.4 million outstanding shares of eBay, representing 9.8% of the e-commerce company's shares. This marks a substantial increase from early May when GameStop CEO Ryan Cohen informed eBay's board chairman that the company had accumulated a 5% economic stake through derivatives and beneficial ownership.

GameStop purchased 3.5 million eBay shares for approximately $381 million last month and settled 39 million eBay shares from put/call pairs on the same day as the filing. This development comes nearly three months after GameStop made an unsolicited offer to buy eBay for roughly $56 billion.

The increased ownership stake highlights GameStop's growing influence in eBay amid ongoing strategic moves.

GameStop logo illustration, September 9, 2025

Sources