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GameStop turns its eBay contracts into stock and gains voting power

GameStop (NYSE: GME) now owns almost one-tenth of eBay (NASDAQ: EBAY) after turning a large set of financial contracts into actual stock. A filing released late Friday showed the retailer holds 43.39 million eBay shares, equal to 9.8% of the online marketplace. Ryan Cohen is still chasing a takeover even though eBay rejected his first...

GameStop turns its eBay contracts into stock and gains voting power