GameStop stock fell 10 percent after CEO Ryan Cohen dodged analyst questions about the details of the 5.55 billion dollar eBay takeover deal raising concerns about the transaction feasibility
GameStop has submitted a $56 billion acquisition offer for eBay, aiming to create an e-commerce platform capable of competing with Amazon, but markets widely question the feasibility of its financing plan.
GameStop chairman Ryan Cohen has proposed a $55.5 billion takeover of eBay aiming to build a stronger competitor to Amazon
Meme stock pioneer GameStop has announced a $56 billion all-stock bid to acquire eBay, aiming to build a next-generation e-commerce giant to compete directly with Amazon. The move marks a major strategic pivot for the retailer.
GameStop has made an unsolicited $56 billion acquisition offer to e-commerce platform eBay, with CEO Ryan Cohen revealing a roughly 5% stake in the company.