GameStop launches a $56B hostile bid for eBay, aiming to disrupt e-commerce and challenge Amazon’s dominance.
Key takeaways
- GameStop Launches $56 Billion Hostile Bid to Acquire eBay
- GameStop stunned Wall Street with a $56 billion all-cash, hostile bid to take over eBay, betting its meme-stock firepower can muscle into the world of e-commerce. The ...
- GameStop’s proposal values eBay at a 37% premium to its Monday closing price, an aggressive move for a company whose own turnaround has been under the microscope since...
- Markets reacted with whiplash. GameStop shares dropped 14% on dilution concerns, while eBay stock spiked 22% in premarket trading before paring gains. Options activity...
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