GME Reiterates eBay Bid
GameStop reiterates commitment to acquiring eBay despite initial rejection
On Friday, GameStop Corp. (NYSE: GME ) said it remains committed to acquiring eBay Inc. (NASDAQ: EBAY ) despite the e-commerce company’s rejection of its unsolicited proposal. ” eBay did not immediately respond to request for comments.
The renewed commitment follows GameStop CEO Ryan Cohen’s surprise proposal in May to acquire eBay, a company roughly five times larger by market value. com, Inc. (NASDAQ: AMZN ) and previously indicated he would lead the merged company. Read Also: GameStop Posts Best Quarter Ever: Could The eBay Deal Succeed?
4 million reported in fiscal 2025. 3 million, a 14% increase from a year earlier. 19 in after-hours trading, according to Pro. According to Edge Rankings, GameStop is in the 96th percentile for Growth, despite posting negative returns over the short, medium and long term.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Image via Shutterstock Read Also: $9 Billion And Counting: GameStop Says It Will 'Be Disciplined' — But Shareholders Are Asking When