GameStop Corp (NYSE:GME) shares jumped more than 4% in Friday’s after-hours session following reports that the retailer is preparing a formal offer for e-commerce giant eBay Inc (NASDAQ:EBAY). The news also sent eBay stock climbing over 12% as investors processed a deal that would unite the brick-and-mortar retailer with the world’s largest online secondary marketplace.

GameStop is reportedly preparing a bid for eBay, aiming to increase its market value significantly, according to the Wall Street Journal.

GameStop is reportedly preparing a takeover offer for eBay as CEO Ryan Cohen seeks to transform the video game retailer into a $100 billion company. The Wall Street Journal says GameStop has been quietly building a stake and could present the bid later ...