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Updated · MarketWatch · May 1eBay and GameStop shares jump as Origin Materials plunges
22 articles · Updated · MarketWatch · May 1
- After-hours moves intensified, with eBay up 13% to $118, GameStop rising 5.6% to $28.01, and Origin Materials tumbling 27% to $1.93.
- The gains followed a report that GameStop is preparing an offer for eBay, while Origin said it plans to sell assets and wind down operations.
- Earlier reports said GameStop was building an eBay stake and could bid this month, as chief executive Ryan Cohen pursues expansion beyond videogames.
Can merging GameStop's physical stores with eBay's online marketplace create a true omnichannel rival to Amazon? Is Ryan Cohen's potential eBay bid a visionary play or a desperate gamble to escape GameStop's retail decline?