BREAKING: GameStop is preparing to acquire eBay, a company worth 4 times its own size.



GameStop has a market value of $12 billion. eBay is worth $46 billion. This is CEO Ryan Cohen's plan to turn GameStop into a $100 billion company.

GameStop was a dying video game retailer that was almost wiped out by short sellers in 2021. Ryan Cohen took over, stopped the bleeding, and accumulated $9 billion in cash by closing stores and cutting costs. He never said what he was going to do with that cash. But Now we know.

GameStop has been quietly building a stake in eBay shares ahead of a potential offer. The offer could come as soon as this month. If eBay's board refuses, Cohen is prepared to go directly to eBay's shareholders and go hostile.

Cohen did exactly this before, he built Chewy from a small online pet food company into a $40 billion business before selling it.

A company that was on the verge of bankruptcy five years ago is now attempting to buy one of the largest e-commerce platforms on earth.
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