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Report: GameStop Readies Potential Bid for eBay

ME News reported on May 2 (UTC+8) that people familiar with the matter said GameStop is preparing a takeover offer for eBay. The move is said to align with CEO Ryan Cohen's plan to remake the retailer into a company valued at more than $100 billion. As of Friday's close, GameStop's market capitalization was about $11 billion. Sources said the company has been quietly accumulating eBay shares ahead of a possible deal. eBay's market value is around $45 billion, several times larger than GameStop's. (Source: PANews)
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