GameStop Turns eBay Pursuit Into a Nearly $5 Billion Investment

GameStop’s multibillion-dollar investment in eBay could signal a shift in its pursuit of the online marketplace from would-be acquirer to influential shareholder, while giving the video game retailer a significant foothold in digital commerce. GameStop said Monday (Aug 31) in its preliminary second quarter results that it converted a previously disclosed derivative position tied to eBay into a direct equity investment during the quarter ended Aug. The company now holds approximately 43.4 mill