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GameStop officially makes an acquisition offer to eBay.
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.