GameStop

GME

Market cap $9.5B

GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive."

GameStop Corp (NYSE:GME) is requesting the approval of its shareholders to significantly increase its authorized share capital to as many as 2.5 billion shares, up from about 450 million, according to a Securities and Exchange Commission filing released Thursday. The company said the proposal is intended to enhance financial flexibility for potential strategic transactions, including a possible acquisition of eBay, as well as other capital-raising or corporate initiatives that may arise in the future.

eBay may have shot down GameStop's $56 billion buyout offer this month, but the videogame retailer continues to show interest in the online auction platform.

GameStop has increased its stake in eBay to about 6.55%, ​the videogame retailer disclosed in ‌a filing on Tuesday, days after the e-commerce company rejected its $56 billion takeover ​bid.

GameStop is a lousy business, which CEO Cohen readily admits, but somehow he has made it work.

GameStop CEO Ryan ​Cohen on Wednesday told ‌eBay's board that the company should ​not reject his $56 ​billion takeover proposal and ⁠that the company's ​shareholders deserve a ​chance to evaluate it.

GameStop Corp. (NYSE:GME) CEO Ryan Cohen is making his clearest case yet for why he wants eBay Inc. (NASDAQ:EBAY), framing the proposed deal as a chance to transform one of the largest e-commerce platforms in the U.S. under an owner-operator model.

Felix Salmon called Ryan Cohen's bid for eBay largely posturing dressed up as M&A.

eBay Inc. (NASDAQ:EBAY) has formally shut the door on GameStop Corp.‘s (NYSE:GME) bold $56 billion takeover attempt. On May 12, the GameStop eBay acquisition attempt came to a decisive end.

In a letter from eBay Chairman Paul Pressler, eBay's board said that it had completed its review of GameStop's offer and believes that eBay is a “strong, resilient business.”