GameStop launches a $56 billion bid for eBay
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GameStop launches a $56 billion bid for eBay, with CEO Ryan Cohen outlining plans to cut costs and position the platform as a rival to Amazon.
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The latest chapter in video game retailer GameStop's tumultuous story is unfolding, as the company has announced plans to make a deal to buy eBay for $55.5 billion. GameStop said in a news release that it submitted a "non-binding proposal" to buy 100% of eBay at $125 per share in cash and stock,
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GameStop’s pursuit of eBay doesn’t seem to make a lot of sense. ICYMI: The video game retailer on Sunday made an unsolicited offer to buy eBay, a company nearly four times bigger than GameStop, for $55.