GameStop Eyes Potential eBay Bid as Shares Jump
TL;DR
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.
- GameStop Eyes Potential Bid for eBay, GME and EBAY Stocks Jump TipRanks
- Why eBay, in Its Latest Incarnation, Is a Takeover Target for GameStop WSJ
- GameStop Is Reportedly Preparing An Offer To Buy eBay Engadget
- EBay soars on report that GameStop is preparing a takeover bid Fortune
- 2 Reasons GameStop Should Buy eBay, 1 Reason It Won't Yahoo Finance
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