In a shocking move that could shake the tech industry to its core, GameStop's CEO is warning eBay's board that an unsolicited bid to acquire the online resale giant could quickly turn hostile if rejected. The $55.5 billion offer, worth $125 per share, is a bold attempt by GameStop to expand its reach into the lucrative e-commerce market. With GameStop having quietly accumulated a 5% stake in eBay, the retailer is now looking to capitalize on its investment and take control of the company. As the two companies' boards engage in high-stakes negotiations, eBay's shareholders are left wondering what the future holds for the online resale site.
Video 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...
