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GameStop shares rise 3.57% as company presses $56 billion eBay bid despite rejection

GameStop (GME) said it will continue pursuing its $56 billion cash-and-stock takeover proposal for eBay (EBAY) despite eBay rejecting the offer. The company said it plans to release additional materials detailing the integration approach and raised its fiscal 2026 adjusted EBITDA outlook to more than $600 million, up from $345.4 million in fiscal 2025. The update helped lift GME shares 3.57% to $21.76.
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