GameStop would seek seats on eBay’s board as part of a partnership, according to the report. A July Schedule 13D filing shows GameStop beneficially owns 43.39 million eBay shares, equal to approximately 9.8% of the company based on eBay’s previously disclosed share count. GameStop purchased 3.52 million shares for $381.3 million between June 8 and June 15. Rather than financing the purchase of the entire company, GameStop could remain one of eBay’s largest shareholders while seeking representation inside the boardroom. The reported pivot would preserve one of Cohen’s central arguments for combining the companies without requiring GameStop to acquire eBay outright.