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Shares of eBay take off on a $56 billion buyout bid from GameStop's Ryan Cohen
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Shares of eBay take off on a $56 billion buyout bid from GameStop's Ryan Cohen

1 min read

Shares of eBay are soaring before the opening bell after Ryan Cohen's GameStop announced an attempt to take over the company for about $56 billion, seeing it as a vehicle to compete with online retail giant Amazon.

Shares of eBay are soaring before the opening bell Monday as Ryan Cohen’s GameStop pursues an approximately $56 billion takeover of the company, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said that... [1891 chars]

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Source: AP News

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