GameStop has made an unsolicited takeover offer for eBay, proposing to acquire the online marketplace for about $55.5 billion (£41 billion). According to reports, GameStop is offering $125 per eBay share, with the consideration split evenly between cash and stock. The bid is presented as conditional on eBay’s board considering the offer, with GameStop’s chief executive warning that the approach could turn hostile if it is rejected. Reports also say GameStop has quietly built a stake of about 5% in eBay ahead of the bid. The news comes amid speculation about whether eBay’s board will engage with the proposal or decline it, potentially setting up a contested process if GameStop pursues the offer further. As the offer is described as unsolicited, eBay’s response—whether it considers the bid, negotiates, or rejects it—will be central to how events unfold. Both outlets describe the offer’s size, price per share, and the cash-and-stock structure, as well as GameStop’s stated warning regarding possible hostility if rebuffed.
GameStop makes unsolicited $55.5bn bid for eBay, warns it could become hostile
GameStop has made an unsolicited takeover offer for eBay, proposing to acquire the online marketplace for about $55.5 billion (£41 billion). According to reports, GameStop is offering $125 per eBay sh...
- GameStop makes an unsolicited takeover offer for eBay valued at about $55.5 billion (£41 billion).
- The offer is $125 per eBay share.
- Consideration is split 50-50 between cash and stock.
- GameStop holds about a 5% stake in eBay and says it could turn hostile if eBay’s board rejects the proposal.
- The bid is described as dependent on how eBay’s board responds.
GameStop has made an unsolicited $55.5bn (£41bn) takeover offer for eBay, in a bold move that could turn hostile if the online marketplace rejects the proposal. The US video games retailer, which became one of the most high-profile stocks during the 2021 meme-stock boom, has offered $125 per eBay share, split equally between cash and...
3 months agoVideo game retailer’s CEO warns that unsolicited bid could turn hostile if it is rebuffed by resale site’s board US video games retailer GameStop has offered to buy eBay for $55.5bn (£41bn) in an unsolicited bid that its boss warned could turn hostile if the proposal is rebuffed by eBay’s board.GameStop, which has quietly accumulated a 5% stake in eBay, said it was willing to pay $125 a share, split 50-50 between cash and stock. Continue reading...
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