Shares of videogame retailer GameStop GME.N gain 2% to $19.50 premarket.
GameStop, led by CEO Ryan Cohen, is considering withdrawing its $56 billion bid for eBay EBAY.O, Bloomberg News reported, citing people familiar with the matter.
Cohen is considering proposing a partnership or joint venture that would enable eBay to leverage GameStop's roughly 1,600 U.S. retail locations, as per the report.
GameStop, as one of eBay's largest shareholders, would seek representation on eBay's board as part of any partnership.
GME owns nearly 10% of eBay, as per a regulatory filing in July.
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