GameStop disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it owns nearly 10% of eBay's shares. This was reported by Qazaqyia.kz citing Reuters.
According to the filing, GameStop has become one of eBay's largest shareholders. This move reflects the video game retailer's expanding investment strategy. GameStop has previously invested in shares of other companies.
eBay shares rose following the news. Market analysts view this step as a sign of GameStop's growing interest in digital assets and e-commerce.