GameStop (GME) was expected to accept eBay’s (EBAY) “no” and move on. Instead, it has pushed harder. The company has lifted its stake in eBay, again, to nearly 10%, according to a recent SEC filing, after starting the year with about a 5% economic stake built through derivatives and direct share purchases.
That increase comes right after eBay’s board rejected GameStop’s roughly $55–56 billion offer, dismissing the bid as “neither credible nor attractive.” They questioned how a much smaller company could finance the deal.
