According to a press report, the online trading platform eBay is facing a possible takeover. This is what investors should know.
Video game retailer GameStop has built up a stake and could submit an offer this month, the Wall Street Journal reported over the weekend, citing sources. If eBay is not receptive to this, Gamestop boss Ryan Cohen could also contact its shareholders directly.
A takeover would be unusual, as the retailer is significantly smaller than the trading platform. eBay’s market capitalization was recently at 46 billion US dollars, eBay only has just under 12 billion. In after-hours trading on Friday, eBay shares temporarily jumped by more than 15 percent. Gamestop gained four percent.
Both companies are having difficulty adapting to changing customer needs. Gamestop closed stores and increased its business with toys and trading cards popular with collectors as video games are more commonly purchased online. eBay has also become more involved in this area, which has led to some overlap between both customer groups.
A successful takeover of eBay would also be an important milestone for the Gamestop boss personally. In January, the company gave the founder of online pet supplies retailer Chewy options on more than 171 million shares if he pushes Gamestop’s market capitalization to $100 billion.
A few years ago, Gamestop’s securities caused a stir on the stock market. You were one of the most prominent representatives of the so-called meme stocks. These are securities that are moved primarily through posts on social media. For a while, one of the declared goals of the small investors represented there was to spoil business for the professional investors, who were mostly betting on falling prices. This often led to massive price increases for the shares in question, but these often did not last long. There were also allegations of market manipulation.
/he
NEW YORK (dpa-AFX)
By the way: eBay and other US stocks can even be traded on finanzen.net ZERO until 11 p.m. (without order fees, plus spreads). Open a depot now for free and secure a new customer bonus!
Selected leverage products on eBay
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on eBay
The leverage must be between 2 and 20
Advertising
Image sources: Sergej Lebedev / Shutterstock.com, Denis Radovanovic / Shutterstock.com
