eBay stock gets a small boost after retailer GameStop makes a surprise bid in an attempt to take on Amazon
GameStop Corporation has proposed to buy the online auction giant eBay Inc. for $125 per share, or a total of roughly $56 billion. “The offer represents a 46% premium to eBay’s unaffected closing price on February 4, 2026, the day GameStop started accumulating its position in eBay,” reads a press release from the video game retailer. “GameStop has built a 5% economic stake in eBay through derivatives and beneficial ownership of common stock.” Here’s what you need to know about...
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