GameStop pounces: a $56B bid for eBay sparks shockwaves as stores shutter; legacy retailer eyeing a digital pivot amid chaos. Background: US game/tech retailer.
eBay has rejected GameStop CEO Ryan Cohen’s unsolicited $125-per-share offer — about $55.5bn — after its board has reviewed the proposal and found uncertainty in financing, added leverage and operational risks. GameStop has built roughly a 5% stake in eBay and has signalled it will consider taking the offer directly to shareholders.