US stocks move: GameStop rises over 8% after hours, eBay up over 13%. GameStop may submit an acquisition offer for eBay as early as this month.
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Glonghui, May 2 | GameStop’s shares surged over 8% in after-hours US trading, while eBay’s shares rose more than 13%. According to sources cited by the media, GameStop is preparing to make an acquisition offer to eBay. This move is part of an ambitious plan by CEO Ryan Cohen, who aims to turn the retailer into an industry giant with a market value exceeding $100 billion. Sources said that as of last Friday’s close, GameStop’s market capitalization was about $11 billion and the company had quietly accumulated eBay stock ahead of the potential acquisition offer. eBay is several times larger than GameStop, with a market capitalization of about $45 billion as of last Friday’s close.
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