GameStop Shares Slide After CEO Ryan Cohen Proposes Surprise eBay Acquisition Bid
GameStop (GME) shares fell nearly 6% on Monday following a surprise non-binding proposal by CEO Ryan Cohen to acquire eBay in a cash-and-stock deal. The move, which would pivot GameStop from its meme stock narrative toward e-commerce consolidation, has raised skepticism due to the significant size disparity between the two companies—eBay is valued at $46 billion compared to GameStop's ~$12 billion market cap.
Topics: eBay acquisition proposal GameStop meme stock dynamics Ryan Cohen