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GameStop Corporation (GME.US) Proposes to Acquire eBay Inc. (EBAY.US) for Approx. USD56B
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GameStop Corporation (GME.US) Chief Executive Officer Ryan Cohen told The Wall Street Journal that GameStop Corporation has proactively proposed to acquire eBay Inc. (EBAY.US), valuing the latter at approximately USD56 billion. GameStop Corporation already holds about a 5% stake in eBay Inc. and has offered USD125 per share in cash and stock for the acquisition, representing a premium of about 20% to eBay Inc.'s closing price last Friday (1). eBay Inc.'s shares surged 11.8% in after-hours trading to USD116.35. Cohen indicated that if eBay Inc. does not accept the takeover proposal, he is prepared to launch a proxy fight and submit the offer directly to shareholders. (mn/w) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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