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International Business Times UK
International Business Times UK
Business
Marie Joy Toledo

eBay Stock Surges as GameStop Drops $56 Billion Bombshell—Can Ryan Cohen Actually Pull This Off?

eBay Ryan Cohen GameStop Amazon Michael Burry Bitcoin PayPal
eBay shares rose sharply after GameStop unveiled an unsolicited $56 billion (Credit: appshunter.io/Unsplash)

eBay shares rose sharply after GameStop unveiled an unsolicited $56 billion (£41.2 billion) takeover offer, in one of the most unexpected corporate moves of the year.

The bid, confirmed by GameStop chief executive Ryan Cohen, has triggered investor speculation over whether the deal can realistically succeed and whether it could reshape competition with Amazon.

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