Source: CNN
“GameStop has offered to buy ecommerce giant eBay for $55.5 billion, a tie-up that the video game retailer’s boss believes could produce a ‘legit competitor’ to Amazon. The offer comes amid something of a revival at eBay, which has pushed to reinvent itself in the face of rising competition from the likes of Walmart, Amazon, Shein and Facebook Marketplace. GameStop — which became a household name during the meme stock craze of 2021 — has offered $125 per share for eBay, half in cash and half in stock, the company announced Sunday. That represents a 46% premium to eBay’s closing share price on February 4, the day GameStop started building a 5% stake in the company.” (05/04/26)