GameStop shares rose over 4% after‑hours as reports emerged it will submit a formal offer for eBay this month.
eBay stock climbed more than 12% on the news, reflecting investor optimism about a potential $100 billion‑plus retail tie‑up.
GameStop, valued at ~$12 billion with $9 billion cash, targets eBay’s $46 billion market cap, several times its size.
CEO Ryan Cohen could earn up to $35 billion in stock if GameStop reaches a $100 billion valuation under the proposed deal.