GameStop makes bold $56-billion play for eBay, ready to go hostile
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GameStop proposed on Sunday, May 3, to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take the bid directly to shareholders should eBay’s board be unreceptive.
GameStop – once a stock market minnow that shot to fame during a meme-stock frenzy five years ago – is offering to pay $125 a share in a 50-50 mix of cash and stock, Cohen said in a letter to eBay’s board. Based on eBay’s Friday close, the bi
GameStop – once a stock market minnow that shot to fame during a meme-stock frenzy five years ago – is offering to pay $125 a share in a 50-50 mix of cash and stock, Cohen said in a letter to eBay’s board. Based on eBay’s Friday close, the bi
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