GameStop eyes eBay takeover to rival Amazon

GameStop has offered to buy eBay for $55.5 billion in a 50/50 cash-and-stock deal, aiming to create a legitimate competitor to Amazon by pairing eBay’s online marketplace with GameStop’s roughly 1,600 U.S. stores for authentication, fulfillment and live commerce; CEO Ryan Cohen would lead the combined company, and financing includes up to $20 billion in debt. eBay has been rebounding with AI investments and a recent revenue uptick, and shares moved on the news as the deal is evaluated.