GameStop Eyes Potential eBay Bid as Shares Jump

GameStop (GME) is reportedly preparing a formal bid to acquire eBay (EBAY), a move that sent EBAY up about 12% and GME up around 4%. The company has been quietly building a stake in eBay to broaden into e‑commerce, while eBay’s market value (~$46B) dwarfs GameStop’s (~$12B). With about $9B in cash, GameStop has room to pursue big deals, and CEO Ryan Cohen’s pay is tied to long‑term milestones. No official comments yet, and analysts remain cautious on the stock.