GME — GAMESTOP CEO RYAN COHEN PRESSES ON WITH EBAY TAKEOVER BID, AMASSES 10% STAKE

GameStop CEO Ryan Cohen is continuing his ambitious pursuit of eBay, building a stake of nearly 10% in the online marketplace after his initial $56 billion takeover offer was rejected in May. Despite Wall Street skepticism, Cohen is preparing for a potential proxy fight by reshuffling advisers and canvassing eBay's major investors. His strategy for eBay reportedly centers on aggressive cost-cutting to reverse a trend of rising expenses and falling operating income at the e-commerce giant.