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May 5, 2026

Shares of eBay take off on a $56B buyout bid from GameStop's Ryan Cohen

By MICHELLE CHAPMAN
AP Business Writer

Shares of eBay are soaring before the opening bell Monday as Ryan Cohen's GameStop pursues an approximately $56 billion takeover of the company, seeing it as a vehicle to compete with online retail giant Amazon.

The national gaming retailer said that its approximately 1,600 U.S. stores could become drop-off and shipping locations. One proposal includes live sales broadcasts from GameStop locations featuring eBay products.


 
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