GameStop reportedly wants to buy eBay, a marketplace with four times its market value

GameStop reportedly wants to buy eBay, a marketplace with four times its market value



Physical game stores are few and far between these days, but hit up enough American malls and you’re bound to find a GameStop or two tucked between Rainforest Cafes. While it might be a tough time to be in the videogame retail business, CEO Ryan Cohen has big plans for GameStop that, according to a report from the Wall Street Journal, end with it as a “$100-billion plus juggernaut.”

The report states that the next step in Cohen’s designs is to make an offer for eBay—the digital marketplace that is not only for all sorts of non-videogame things, but also has over four times the market value of GameStop. Naturally both stocks are up following the release of this news, which WSJ attributed to “people familiar with the matter.”



News Source link