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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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The Monopoly Movie Is Back On, Hasbro Confirms

The Monopoly Movie Is Back On, Hasbro Confirms https://ift.tt/CWMbeEc

A movie based on the iconic board game Monopoly is seemingly back in development. Hasbro CEO Chris Cocks confirmed this as part of the news that Hasbro is selling its eOne film and TV business to Lionsgate for $500 million. The Monopoly movie has been in the works for nearly a decade, but in Hollywood, projects stop and start regularly.

"Lionsgate's management team is experienced in entertainment and adept at driving value, and we're glad to have found such a good home for our eOne film & TV business," Cocks said. "We look forward to partnering with them, especially on a movie adaptation of Monopoly."

A Monopoly movie has been in various stages of development for years, dating back at least to 2015. At one point, Kevin Hart and Ridley Scott were attached, but nothing has ever come of it. Given the incredible success of the Barbie movie recently, it seems possible that Hollywood executives might be more excited about the idea of even more toy-based movies.

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