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GameStop preparing offer to acquire eBay, WSJ reports

GameStop (GME) is getting ready to make an offer to acquire eBay (EBAY) as part of CEO Ryan Cohen’s ambitious plan to turn the video game retailer into a $100B+ juggernaut, the Wall Street Journal’s Lauren Thomas reports, citing people familiar with the matter. GameStop, which has a market value of roughly $12B, has quietly established a stake in eBay shares ahead of a potential bid, the author says, noting that eBay’s market value is around $46B.

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