The latest chapter in video game retailer GameStop’s tumultuous story is unfolding, as the company has announced plans to buy eBay for $56 billion.
CEO Ryan Cohen told The Wall Street Journal that he plans to offer $125 per share in cash and stock to buy eBay, and that’s about a 20% premium over where eBay’s shares closed on Friday. “There is nobody who is more qualified, based on my experience, to run the eBay business,” he said.
“eBay should be worth–and will be worth–a lot more money. I’m thinking about turning eBay into something worth hundreds of billions of dollars,” he said.
Continue Reading at GameSpot
