The newest chapter in online game retailer GameStop’s tumultuous story is unfolding, as the corporate has introduced plans to purchase eBay for $56 billion.
CEO Ryan Cohen instructed The Wall Street Journal that he plans to supply $125 per share to purchase eBay, and that is a couple of 20% premium over the place eBay’s shares closed on Friday. “There may be no one who’s extra certified, based mostly on my expertise, to run the eBay enterprise,” he mentioned.
“eBay must be worth–and might be worth–a lot extra money. I am enthusiastic about turning eBay into one thing price tons of of billions of {dollars},” he mentioned.
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