GameStop weighing withdrawal of eBay bid: Bloomberg News

GameStop CEO Ryan Cohen is considering withdrawing the videogame retailer’s $56 billion bid for eBay and may instead pursue a partnership or joint venture with the e-commerce company, Bloomberg News reported on Monday, citing people familiar with the matter.

Cohen is considering a proposal that would allow eBay to leverage GameStop’s ‌roughly 1,600 ⁠U.S. ⁠retail locations, potentially helping both companies expand market share in higher-margin categories such as trading ​cards and collectibles, the report said. As part of any partnership, GameStop would seek seats ​on eBay’s board, Bloomberg reported. GameStop shares were up 2%, while those of eBay fell 1.4% in premarket trading.