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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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CD Projekt Red Is Not Interested In Being Acquired

CD Projekt Red Is Not Interested In Being Acquired https://ift.tt/O1q5ItL

CD Projekt Red has confirmed that it has no interest in being bought out or part of a larger corporation, and wants to maintain its independence.

In an interview with Parkiet, CD Projekt Red CEO Adam Kicinski said, "We are not interested in being incorporated into some larger entity. We have worked all our lives to reach our current position. We believe that in a few years we will be even bigger and even stronger."

Kicinski also confirmed that CD Projekt Red don't have any acquisitions itself planned at the moment, and isn't interested in mergers where the only goal is to consolidate financial results as he doesn't see the value in that. This has been CD Projekt's Red stance for several years so Kicinski's continued insistence about independence aren't surprising.

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