The conglomerate’s stock is down 6% this year, with the Class A shares finishing Friday trailing the S&P 500 by 11 percentage points.
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GameStop has offered to buy ecommerce giant eBay for $55.5 billion, a tie-up that the video game retailer’s boss believes could produce a “legit competitor” to Amazon.
Amazon.com said on Monday it was rolling out "Amazon Supply Chain Services", opening up its logistics network for other businesses to use. The company said businesses of all types and sizes can now move, store and deliver everything from raw materials to final products using Amazon's own supply-chain network.
A US video game retailer has made an audacious $56bn (£41bn) bid to buy eBay.
A US video game retailer has made an audacious $56bn (£41bn) bid to buy eBay.
The e-commerce giant is opening its global logistics network to all businesses, betting it can turn its supply chain into the next AWS.
Investors are bidding up eBay shares. That's after GameStop CEO Ryan Cohen told The Wall Street Journal that he had made an unsolicited offer to buy the e-commerce platform, and that he saw a path to make it a much bigger competitor to Amazon.
Amazon-backed Anthropic (AMZN) is close to setting up a joint venture with Blackstone (BX), Goldman
Unless Meta gets more specific about AI products, it could lag behind other AI stocks.
Alphabet leads Mag 7 hyperscalers as cloud and AI drive standout Q1 results, outpacing Amazon and Microsoft in growth and momentum.
Apple, Amazon and Starbucks spotlight the challenges of long-term investing, from massive gains to periods of underperformance and tough holding decisions.

<body><p>STORY: :: eBay</p><p>GameStop wants to buy eBay. </p><p>The retailer said Sunday that it has offered to buy all common shares of the online marketplace for about $56 billion.</p><p>Chief Executive Ryan Cohen said the offer price is $125 a share in a 50-50 mix of cash and stock.</p><p>The bid represents a premium of about 20% based on eBay's Friday close.</p><p>In an interview with the Wall Street Journal, Cohen said that the move would create huge opportunities to improve earnings and cut costs.</p><p>:: eBay</p><p>He added that the combination "could be a legit competitor to Amazon."</p><p>If eBay is not receptive, Cohen said he was prepared to run a proxy fight and take the offer directly to shareholders.</p><p>He added that he has secured a commitment letter from TD Bank for about $20 billion in debt financing.</p><p>:: eBay</p><p>Neither the lender nor eBay would immediately respond to Reuters requests for a comment.</p><p>The proposal comes as GameStop grapples with disruptions from a shift toward online shopping and digital purchases</p><p>According to Reuters calculations, the company has a market value of almost $12 billion, compared to $46 billion for eBay. </p><p>That means the potential deal would upend the usual merger and acquisition playbook, as it's rare for a public company to target one nearly four times its size.</p></body>
US video game retailer GameStop made a takeover bid on Sunday to buy eBay for about $55.5 billion in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon.“It could be a legit competitor to Amazon."
Cohen said GameStop has built a roughly 5% stake in eBay and was offering $125 a share in cash and stock, a roughly 20% premium to its closing price on Friday.

GameStop said on Sunday that it has proposed to buy all common shares of eBay Inc for about $56 billion. CEO Ryan Cohen, GameStop's largest investor, said the offer price is $125 a share in a 50-50 mix of cash and stock. Based on eBay's Friday close, the bid represents a premium of about 20%.
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The conglomerate’s stock is down 6% this year, with the Class A shares finishing Friday trailing the S&P 500 by 11 percentage points.