/
eBay caves as Ryan GameStop wins approval to own nearly 10% of the company
Jul 18, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
Share:
AI Overview
GameStop disclosed in a filing late Friday that it converted derivatives into 43.39 million eBay shares, equal to a 9.8% stake in the online marketplace. Ryan Cohen remains intent on a takeover despite eBay's prior rejection, a development likely to pressure eBay's stock and corporate governance and to influence retail investor adoption while not involving crypto, DeFi, token launches or fundraising.
Bullish
Predictions Markets
See what traders are focused on
GameStop (NYSE: GME) now owns almost one-tenth of eBay (NASDAQ: EBAY) after turning a large set of financial contracts into actual stock. A filing released late Friday showed the retailer holds 43.39 million eBay shares, equal to 9.8% of the online marketplace. Ryan Cohen is still chasing a takeover even though eBay rejected his first...
In This News
Coins
$ 0.000433
-2.53%
$ 0.00...053
-4.86%
$ 21.77
+0.15%
$ 113.11
-0.93%
$ 0.000862
-4.61%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 0.000433
-2.53%$ 0.00...053
-4.86%$ 21.77
+0.15%$ 113.11
-0.93%$ 0.000862
-4.61%Predictions Markets
See what traders are focused on
Share: