eBay Stock Jumps After GameStop’s $56 Billion Bid — But Investors Aren’t Sold
GameStop Corp. launched a surprise $55.5 billion bid for eBay Inc. on Monday, offering $125 per share in cash and stock and thrusting eBay into an active takeover battle. Shares of eBay did climb in premarket hours, but the stock never came close to matching the offer price—clear evidence that investors remain skeptical about the videogame retailer’s ability to pull off such a deal.
