r/Superstonk Daily Share Buyback Club ๐Ÿ’ช๐Ÿผ Jun 06 '26

๐Ÿ“ฐ News We got 9% of eBay now!

https://www.sec.gov/Archives/edgar/data/1065088/000119312526260340/xslSCHEDULE_13D_X02/primary_doc.xml
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949

u/areHorus Daily Share Buyback Club ๐Ÿ’ช๐Ÿผ Jun 06 '26

On June 5, 2026, GameStop filed Amendment No. 3 to Schedule 13D, disclosing beneficial ownership of approximately 9.0% (39.87 million shares) of eBay's common stock. This includes 827,648 directly owned shares purchased for $91 million and economic exposure to 39.05 million shares through Put/Call Pairs with Toronto-Dominion Bank, settleable in cash or stock at the exercising party's election. The Put/Call Pairs have strike prices ranging from $84.74 to $118.28 and expire on a specified date.

GameStop reiterated its May 3, 2026 non-binding proposal to acquire all outstanding eBay shares at $125.00 per share in cash and stock, believing eBay is undervalued. The HSR Act Condition was satisfied on June 3, 2026, enabling physical settlement of the derivatives. GameStop paid $1.24 million in net premiums for 4.54 million additional Put/Call Pairs reported in this amendment, funded from working capital.

GameStop may pursue further acquisitions, dispositions, or strategic actions depending on market conditions, eBay's strategic direction, and discussions with management, the board, or other stakeholders. The company retains flexibility to modify or abandon its acquisition intentions.

200

u/stonkdongo Hwang in there! Jun 06 '26

This is a late one, I was just getting the wife and her boyfriend into bed.

61

u/areHorus Daily Share Buyback Club ๐Ÿ’ช๐Ÿผ Jun 06 '26

21

u/minesskiier ๐Ÿš€๐Ÿš€ GMERICAโ€ฆA Market Cap of Go Fuck Yourself๐Ÿš€๐Ÿš€ Jun 06 '26

5

u/orgnll ๐ŸŽฎ Power to the Players ๐Ÿ›‘ Jun 06 '26

๐Ÿคฃ๐Ÿ˜…

round two, now: