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TechFlow reports that, according to The Wall Street Journal on May 4, GameStop is preparing a takeover bid for eBay, potentially submitting it as early as this month. GameStop CEO Ryan Cohen stated that the company has quietly accumulated approximately 5% of eBay’s shares and plans to launch a cash-and-stock acquisition offer at $125 per share, valuing the deal at roughly $56 billion.
According to The Wall Street Journal, GameStop is preparing a takeover bid for eBay, which could be submitted as early as this month. GameStop CEO Ryan Cohen stated that the company has quietly accumulated approximately 5% of eBay’s shares and plans to launch an acquisition offer at $125 per share in cash and stock, valuing the deal at roughly $56 billion.
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