SEC filing: GameStop says it owns 9.8% of eBay, signaling its intent to press ahead with a bid for the company after its unsolicited $56B offer was rejected
THE SO WHAT
A specialty retailer quietly amassing 9.8% of a $56B target is a reminder that balance-sheet activism is back as a strategic lever, not just a hedge fund game. If you’re a mid-cap with under-monetized assets or traffic, assume ‘strategic buyer as activist’ is now part of your threat model.
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