GameStop Corp. shares edged higher on Wednesday, recovering slightly after recent losses as investors continued to weigh Chief Executive Ryan Cohen's ambitions to transform the video game retailer through a takeover of eBay.

GameStop shares rose 31 cents, or 1.31%, to $23.66 in late-morning trading on the New York Stock Exchange at 11:13 a.m. EDT.

The gain came after the stock fell 3.71% on Monday to close at $23.90 and slipped further on Tuesday. The broader market was mixed on Wednesday ahead of the Federal Reserve's interest rate decision.

GameStop did not release any news on Wednesday.

GameStop has been at the center of one of the year's most unusual takeover battles.

In May, the company made a nonbinding offer to buy eBay for $125 a share, or about $56 billion, in a deal split equally between cash and GameStop stock. GameStop said it had a $20 billion debt commitment to help fund the purchase, along with about $9.4 billion in cash.

eBay's board rejected........

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