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GameStop Stock Down Nearly 18% in a Month as $1. 4 Billion Debt Swap Sparks Dilution Fears and eBay Bid Doubts

GameStop's stock has dropped 17. 85% following a debt-for-equity exchange and investor concerns over CEO Ryan Cohen's potential eBay stake acquisition, leading to increased market volatility.
ibtimes.com.au
August 20, 2026
5
Mike Clair
GameStop Stock Down Nearly 18% in a Month as $1. 4 Billion Debt Swap Sparks Dilution Fears and eBay Bid Doubts
WHAT HAPPENED
s broader strategic ambitions involving eBay. According to Benzinga, the stock s aggressive build-up of a 9. 8% stake in eBay Inc. , alongside Wall Street s crypto holdings, adding a further layer of uncertainty to the stock s turnaround strategy and its unconventional approach to capital allocation under Cohen 4 billion of its zero-coupon convertible senior notes, split between issues maturing in 2030 and 2032, for newly issued shares of Class A common stock.
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