India, May 4 -- Shares of GameStop Corp. (GME) are dropping about 6 percent in Monday morning trading after the company submitted a non-binding proposal to acquire eBay Inc. (EBAY) at $125.00 per share in cash and stock deal.
The company's stock is currently trading at $24.74, down 6.80 percent or $1.81, over the previous close of $26.53 on the New York Stock Exchange. It has traded between $19.93 and $35.81 in the past one year.
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