GameStop officially makes an acquisition offer to eBay.

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BlockBeats News, May 4th, according to The Wall Street Journal, U.S. stock company GameStop has proactively proposed to acquire the U.S. online trading platform eBay for approximately $56 billion. GameStop CEO Cohen stated that the company already owns about 5% of eBay and proposed to acquire it through a cash and stock deal at $125 per share. This offer represents a premium of about 20% over eBay’s closing price last Friday.

The report also states that if eBay does not accept this proposal, Cohen said he is prepared to initiate a proxy fight and will submit the proposal directly to shareholders.

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