Lates News

The Wall Street Journal reported on May 4th that GameStop CEO Ryan Cohen has expressed a proactive offer to acquire eBay for approximately $56 billion and believes there is a way to make the e-commerce company a stronger competitor to Amazon.com. Cohen told the Wall Street Journal that GameStop has quietly acquired about 5% of eBay's shares and is planning to launch a takeover bid at a premium of about 20% over eBay's closing price last Friday, with an offer of $125 in cash and stock per share.