GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says

https://www.wsj.com/business/deals/gamestop-is-offering-to-buy-ebay-for-56-billion-ceo-ryan-cohen-says-fd330f5a?st=VWRigU Chief Executive Ryan Cohen said he was making an unsolicited offer to buy eBay EBAY 0.57%increase; green up pointing triangle for about $56 billion and saw a path to make the e-commerce company a much bigger competitor to Amazon.com AMZN 1.21%increase; green up pointing triangle. Cohen told The Wall Street Journal that GameStop has built a roughly 5% stake in eBay and was offering $125 a share in cash and stock, a roughly 20% premium to its closing price on Friday.