Video game retailer’s CEO warns that unsolicited bid could turn hostile if it is rebuffed by resale site’s board
US video games retailer GameStop has offered to buy eBay for $55.5bn (£41bn) in an unsolicited bid that its boss warned could turn hostile if the proposal is rebuffed by eBay’s board.
GameStop, which has quietly accumulated a 5% stake in eBay, said it was willing to pay $125 a share, split 50-50 between cash and stock.
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This article was originally published by The Guardian and written by Kalyeena Makortoff.
Read original article on The Guardian