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The Independent UK
The Independent UK
National
Michelle Chapman

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

Ryan Cohen GameStop eBay Amazon
GameStop eBay - (Copyright 2021 The Associated Press. All rights reserved.)

Shares of eBay are soaring before the opening bell Monday as Ryan Cohen's GameStop pursues an approximately $56 billion takeover of company, seeing it as a vehicle to compete with online retail giant Amazon.

The national gaming retailer said that its approximately 1,600 U.S. stores could become drop-off and shipping locations. One proposal includes live sales broadcasts from GameStop locations featuring eBay products.

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