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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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Disney CEO Pushed To Consider "Bolder Transformation" In Gaming - Report

Disney CEO Pushed To Consider "Bolder Transformation" In Gaming - Report https://ift.tt/5xmJBU9

Disney executives reportedly wanted to become a gaming giant and considered acquiring Electronic Arts. However, Disney CEO Bob Iger isn’t committed to the idea.

According to Bloomberg, "Iger’s deputies are pushing him to consider a bolder transformation of Disney from gaming licensee to gaming giant through, say, an acquisition of Electronic Arts. But, as with everything else, he’s been noncommittal."

Disney was in the game publishing business until 2016, when it closed Avalanche Software and then proceeded to license out its properties to other developers. In recent years, Disney licensed games include Star Wars Jedi: Fallen Order and Jedi: Survivor, as well as Return to Monkey Island. Furthermore, Disney has said that it is interested in working with studios of all sizes, including indie ones.

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