July 17 (Reuters) – Videogame retailer GameStop owns nearly 10% of e-commerce company eBay, the company said in a regulatory filing late on Friday, nearly three months after making an unsolicited offer to buy eBay for roughly $56 billion.
GameStop said it owns 43.4 million outstanding shares of eBay, or 9.8%, marking a dramatic increase in ownership from early May when GameStop CEO Ryan Cohen told eBay’s board chairman “we have accumulated a 5% economic stake” through derivatives and beneficial ownership.
GameStop bought 3.5 million eBay shares for roughly $381 million last month and said it settled 39 million eBay shares from put/call pairs on Friday.
(Reporting by Svea Herbsty-Bayliss in New York and Anhata Rooprai in Bengaluru; Editing by Jonathan Ananda and Chris Reese)
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