GameStop (Yes, GameStop) Makes $56 Billion Bid for eBay

By Todd Spangler

Todd Spangler

NY Digital Editor

Latest

• GameStop (Yes, GameStop) Makes $56 Billion Bid for eBay 44 minutes ago
• Donald Trump Says Melania ‘Hates’ When He Dances to ‘Gay National Anthem,’ the Village People’s ‘YMCA’: ‘Not Presidential’ 2 days ago
• Megyn Kelly Bashes Trump’s Calls for Jimmy Kimmel to Be Fired: ‘It’s Very Inappropriate’ 3 days ago

Shares of online retail giant eBay were up more than 4% Monday after GameStop, the video-game and fandom-culture retailer, launched an unsolicited $56 billion takeover bid.

On Sunday, GameStop announced that it submitted a nonbinding proposal to acquire 100% of eBay for $125.00 per share (comprising 50% cash and 50% GameStop common stock) — valuing eBay at about $55.5 billion. The board of eBay acknowledged receipt of the unsolicited offer, saying in a press release Monday that it will “carefully review and consider” the proposal.

Related Stories

Trump Addresses Shooting at White House Correspondents' Dinner: 'It's a Dangerous Profession'