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GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it
Amid falling revenue and store closures, GameStop wants to buy the much larger eBay. GameStop yesterday made an unsolicited offer to buy eBay for $55.5 billion.
Summary
Amid falling revenue and store closures, GameStop wants to buy the much larger eBay. GameStop yesterday made an unsolicited offer to buy eBay for $55.5 billion. GameStop claims that eBay has underperformed and spends too much on sales and marketing and argues that it would become a stronger company if it cuts costs and is combined with GameStop’s physical retail locations.
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