GME meme coin soars 54% after GameStop reportedly prepares offer for eBay
Crypto Briefing
The GME meme coin surged 54% following reports that GameStop is considering an acquisition bid for e-commerce giant eBay.Summary
The Solana-based GME meme coin rallied 54% after reports surfaced that GameStop is preparing a takeover bid for eBay. This potential acquisition is reportedly part of CEO Ryan Cohen’s strategy to transform GameStop into a massive industry leader using the company’s $9 billion cash reserve. While GameStop’s core retail revenue has declined amid a shift toward digital gaming, the company has achieved recent profitability through aggressive cost-cutting and interest income. Markets reacted positively to the news, with GameStop shares rising and eBay stock jumping significantly in after-hours trading.
(Source：Crypto Briefing)