GameStop tables $55.5 billion takeover bid for eBay
GameStop has made a $55.5 billion offer to acquire eBay, valuing the e-commerce company at $125.00 per share. The proposal, which includes 50 percent cash and 50 percent GameStop stock, has the support of GameStop's board. CEO Ryan Cohen plans to lead the combined company and aims to achieve $2 billion in annual cost reductions within the first year.
- Entities
- Company: GameStop
- Company: eBay
- Company: TD Securities
- Topic: Mergers and Acquisitions
- Person: Paul Pressler
- Person: Ryan Cohen
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