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Amit Kukreja, stock market analyst at https://x.com/amitisinvesting, reports that Gamestop is looking to buy Ebay, citing the Wall Street Journal.
According to Kukreja, Gamestop is currently valued at $11 billion, while Ebay has a market value of $46 billion. The tweet notes that Ryan Cohen has previously diluted shares to raise cash, and acquiring Ebay would require strategic financing.
Kukreja has highlighted other significant price moves in recent coverage. He noted investor focus on AMD's decline from 350 to 320. In a separate report, he covered POET shares rebounding from $6.80 to $17 after a Marvell order was confirmed. These observations come as Gamestop considers a major acquisition.