GameStop targets eBay in surprise $56 billion takeover proposal
GameStop has made an attempt to buy eBay in a deal valued at about $56 billion. GameStop CEO Ryan Cohen sent a letter to eBay’s board on Sunday and offered $125 per share in a deal split evenly between cash and stock.
The offer values eBay at a premium of roughly 20% compared with the company’s closing price on Friday. eBay closed on Friday with a market capitalization of about $46 billion, while GameStop stood near $12 billion, reported The Wall Street Jounal.
