Metro UK
Published
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GameStop is trying to buy eBay for £40 billion to rival Amazon
GameStop has made an unsolicited offer of over £40 billion to acquire eBay, aiming to create a rival to Amazon. CEO Ryan Cohen proposed a bid of $125 per share in cash and stock, with plans for significant cost-saving measures and potential job cuts. While GameStop has limited cash reserves, it has secured financing commitments and plans to approach eBay shareholders directly if the initial offer is rejected.
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