GameStop plans to acquire eBay to boost relevance amid declining sales.

GameStop, a videogame retailer facing declining sales due to the rise of online gaming, is reportedly planning to acquire eBay. This move aims to help GameStop regain relevance by joining forces with a company that has better adapted to changing consumer preferences. Following the news, shares of both GameStop and eBay rose in after-hours trading. The acquisition could mark a significant shift in GameStop's strategy to compete in the evolving retail landscape.