eBay, GameStop
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GameStop, the struggling brick-and-mortar video game retailer with a market value of about $12 billion, wants to buy eBay, an e-commerce company worth around $46 billion.
GameStop is reportedly preparing a bid for eBay, aiming to increase its market value significantly, according to the Wall Street Journal.
The size mismatch is hard to overlook. GameStop carries a market value of around $12 billion; eBay sits closer to $46 billion. Despite that gap, GameStop
GameStop could be on the verge of massive changes.
GameStop is reportedly interesting in buying eBay, which has done a better job of adapting to changing consumer preferences.
Word that GameStop is gearing up to take a swing at buying eBay hit San Jose like a thunderclap yesterday, suddenly putting the e-commerce giant’s hometown headquarters under a very bright spotlight.
To answer the headline off the bat, no, GameStop 's ( GME 0.30%) stock is not going to $0 anytime soon.
GameStop is preparing a bid for eBay. CEO Ryan Cohen is quietly building a stake in the $46bn marketplace as he chases a $100bn company valuation.