on May 4, 2026 at 8:43 pm GameStop shares drop 6.5% after ambitious $55.5 billion bid for eBay​

GameStop’s shares fell 6.5% to $24.80 after proposing a $55.5 billion takeover of eBay. Investors are sceptical of the half-cash, half-stock deal, despite eBay’s shares rising 6%. GameStop plans cost reductions to enhance eBay’s earnings, while CEO Ryan Cohen may pursue a proxy fight if necessary.

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