eBay, GameStop
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GameStop is pursuing a nearly $56 billion takeover of eBay, seeing it as a vehicle to compete with online retail giants like Amazon. (AP Photo)
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GameStop makes shock takeover bid for eBay
Computer game retailer GameStop has made a surprise £41billion takeover bid for eBay. Ryan Cohen, GameStop's chief executive, tabled a bid on Monday, offering $125 (£92) per share in cash and stock, a $20 premium to Friday's closing price. Gamestop ...
At the end of last week, there were rumblings that GameStop would make a bid on eBay, a company roughly four times its size. Then on Sunday night, before markets opened this week, the gaming retailer made the offer official: $56 billion to acquire the online auction and reseller platform.