eBay began life as auction-only website AuctionWeb in 1995. In the early 2000s, eBay launched its virtual mall, allowing retailers to set up their own store. A ‘buy it now’ option was also introduced, allowing customers to either choose to bid, or end the auction early for a fixed price. Retail Week provides news, analysis, features and opinion about eBay and the marketplaces sector.
Online marketplace giant eBay has rejected a $55.5bn (£40.9bn) takeover bid from video game retailer GameStop, calling it “unsolicited” and “neither credible nor attractive”.
In the world of secondhand, eBay operated happily in its niche for decades. Now, Vinted has pulled up a chair and started eating its lunch, but eBay UK general manager Eve Williams welcomes the competition.
Disclosing a surprise bid for eBay, GameStop said the marketplace could be “a legit competitor to Amazon”. But there are big questions about the likelihood of a deal.
US games specialist GameStop has unveiled an offer for ecommerce giant eBay.
Welcome to the Solutions Spotlight partnership update: Retail Week’s round-up of the latest innovative technology and supply chain tie-ups in retail
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