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GameStop Announces Shocking Buyout Offer For eBay, Priced At $56 Billion

GameStop Announces Shocking Buyout Offer For eBay, Priced At $56 Billion https://ift.tt/agFYkG9 The latest chapter in video game retailer GameStop's tumultuous story is unfolding, as the company has announced plans to make a deal to buy eBay for $56 billion. GameStop said in a news release that it submitted a "non-binding proposal" to buy 100% of eBay at $125 per share in cash and stock, at 50% each. This would be about a 20% premium over where eBay's stock was trading on Friday and a 46% premium to eBay's closing price on February 4 this year. That was the day that GameStop started buying eBay stock. Today, it owns about 5% of eBay's outstanding stock. CEO Ryan Cohen told The Wall Street Journal , "There is nobody who is more qualified, based on my experience, to run the eBay business," he said. Continue Reading at GameSpot
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PlayStation Might Be Exploring NFTs And Blockchain Technology

PlayStation Might Be Exploring NFTs And Blockchain Technology https://ift.tt/NDkymGB

The details of a patent filed by Sony Interactive Entertainment suggest the PlayStation parent company may be interested in implementing NFTs and blockchain technology on its platform. The patent title is "Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger," as reported by Video Games Chronicle.

The patent details a system where the history of a unique in-game item would be tracked with blockchain technology, including details of who created the item, who owned it in the past, and whether it has been modified along the way.

In the background section, Sony compares the digital assets in question to sports memorabilia, saying "individuals often find it meaningful to own or use unique physical items related to respected celebrities or activities."

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