GameStop has raised its ownership stake in eBay to more than 6%, and the video game retailer is now pursuing a $55.5 billion takeover of the online marketplace, according to recent filings and reports.
A Growing Stake
The company's stake in eBay now exceeds 6%. The exact timing of the increase has not been disclosed. GameStop had previously held a smaller position in eBay before adding to it.
The Takeover Bid
GameStop is actively pursuing a $55.5 billion acquisition of eBay. If completed, the deal would mark a major shift for the struggling brick-and-mortar video game chain into the e-commerce giant. No response from eBay has been made public.
