GameStop Builds 9.8% eBay Stake, Presses Rejected $56 Billion Bid
The July 17 Schedule 13D/A amendment puts GameStop's holding at 43,390,383 shares, its fourth update since May.
- GameStop's unsolicited offer, made May 3, 2026, priced eBay shares at $125 each.
- eBay's board rejected that bid on May 12, 2026, per GameStop's own filing.
- Schedule 13D signals activist intent, unlike a passive 13G ownership filing.
Why it matters: eBay's board can refuse an offer; it cannot refuse the votes behind a growing stake.
GameStop Schedule 13D/A (Amendment No. 4) re: eBay Inc., filed with SEC ↗ · Jul 18, 20267/18/26 · ✓ Checked✓ Check