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International Business Times
International Business Times
Technology
Merin Rebecca Thomas

GameStop Makes $56 Billion Bid For eBay, Signals Readiness For Shareholder Fight

GameStop eBay Ryan Cohen PR Newswire CNBC
Gamestop is offering $56 billion to buy Ebay.

GameStop has made an unsolicited offer to acquire eBay in a deal that would be valued at about $56 billion, proposing a cash-and-stock transaction combining the video game retailer's physical store network with one of the world's largest online marketplaces.

The bid values eBay at $125 per share and represents a premium of roughly 20% over its prior closing level, according to details disclosed in the proposal and reported by Reuters. The offer is structured as an even split between cash and GameStop shares.

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