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GameStop (NYSE: GME) has increased its ownership stake in eBay (NASDAQ: EBAY) to approximately 6.6%, according to a new filing submitted Wednesday to the U.S. Securities and Exchange Commission (SEC). The latest disclosure highlights growing pressure from GameStop CEO Ryan Cohen as he continues pursuing a bold acquisition strategy targeting the e-commerce giant.
The SEC filing revealed that GameStop now holds 25,000 shares of eBay common stock directly, along with additional exposure through put and call option positions. Combined, these holdings represent roughly 6.55% of eBay’s outstanding shares, up from the company’s previous stake of around 5%.
The increased investment comes shortly after Cohen made an unsolicited proposal earlier this month to acquire eBay in a deal valued at nearly $56 billion. The offer caught Wall Street by surprise, especially since eBay’s market value is significantly larger than GameStop’s. eBay ultimately rejected the proposal, calling it “neither credible nor attractive.”
Despite the rejection, Cohen has publicly stated that he remains determined to move forward with the acquisition effort. Market analysts believe the larger stake could give GameStop more influence and potentially position the company to pursue shareholder-focused actions, including the possibility of requesting a special meeting.
Investor attention surrounding both companies has intensified in recent weeks. eBay stock has climbed approximately 35% in 2026, supported by stronger-than-expected first-quarter earnings and continued expansion into fast-growing categories such as collectibles and luxury resale. Meanwhile, GameStop shares have gained around 9% this year, although the stock remains significantly below levels seen when Cohen first became chairman in 2021.
The ongoing developments between GameStop and eBay continue to attract strong interest from investors, traders, and market analysts watching one of the most unexpected corporate takeover stories of the year.
