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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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Mario Movie Producer Responds To Zelda Rumors

Mario Movie Producer Responds To Zelda Rumors https://ift.tt/kimpzQj

Amid the rumor that a new animated The Legend of Zelda film could be in development at Illumination, the animation studio's CEO and founder Chris Meledandri has responded to the claims. "I don’t know where that came from," said Meledandri, in reference to the rumor.

"I mean I can understand how people would surmise all sorts of things because obviously, we’ve had a great experience working together," Meledandri told The Wrap in a recent interview, referencing Illumination's collaboration with Nintendo on The Super Mario Bros. Movie. Meledandri is credited as the producer of The Super Mario Bros. Movie, alongside the legendary Shigeru Miyamoto.

The Mario movie, which released in April, went on to become one of the most successful films in recent memory, generating over $500 million in revenue in the United States alone. Worldwide, the film has grossed $1.327 billion, making it a huge success. With that in mind, many have assumed Nintendo will continue collaborating with Illumination on future projects.

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