Game Station plans to acquire eBay through a snake swallowing an elephant approach, possibly submitting an offer as early as this month

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Mars Finance News, May 2 — According to reports citing sources familiar with the matter, GameStop is preparing to make an acquisition offer to eBay. This is part of CEO Ryan Cohen’s ambitious plan to turn the retailer into an industry giant with a market value exceeding $100 billion. The sources said that GameStop has quietly accumulated eBay shares before the potential acquisition offer was announced. After the acquisition plan was disclosed, eBay’s stock price surged over 10% in after-hours trading on Friday, and GameStop’s stock also rose about 5%. Currently, eBay (market cap around $46.2 billion) is several times larger than GameStop (market cap around $11.9 billion). The sources indicated that if everything proceeds as planned, GameStop could submit an acquisition offer as early as later this month. If eBay’s attitude is negative, Cohen may choose to bypass management and directly make an offer to eBay shareholders. (Wide-angle observation)

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