GameStop Considers Scrapping eBay's $56 Billion Takeover Bid

GME -1.90%

1. 1GameStop (GME) CEO Ryan Cohen is reviewing a plan to withdraw eBay's (EBAY) $56 billion takeover bid and shift to a commercial partnership instead
2. 2eBay aims to leverage GameStop's roughly 1,600 US stores to expand higher-margin segments such as trading cards and collectibles, and would seek a board seat under a partnership
3. 3eBay's market cap is about five times that of GameStop, and after GameStop rejected an unsolicited bid in July, it raised its stake in eBay to 9.8%

Source Reuters +9 · View original ↗

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