[GameStop Increases Stake in eBay from Approximately 5% to 6.55%] BlockBeats News, May 20: GameStop (GME.N) has increased its stake in eBay from approximately 5% to 6.55%. On May 12, eBay rejected GameStop's approximately $56 billion acquisition offer, citing it as 'neither credible nor attractive.' Earlier, on May 4, GameStop had proactively proposed acquiring the U.S. online trading platform eBay for approximately $56 billion. GameStop CEO Cohen stated that the company already holds about 5% of eBay's shares and proposed an acquisition at $125 per share in a cash-and-stock deal. If eBay does not accept this proposal, Cohen is prepared to launch a proxy fight and bring the proposal directly to shareholders.