SMH
·general
·1 hour ago
GameStop bids $78 billion for eBay as struggling retailers pursue merger
GameStop, valued at $12 billion, bid $78 billion for e-commerce giant eBay on Tuesday, combining two struggling retailers. The offer reflects GameStop's shift online as physical stores close and eBay adapts to competition. The deal highlights continued US market euphoria despite rate hikes, contrasting with Australia's declining sharemarket.
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