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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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Nintendo Has A Simple But Effective Plan To Stop Switch 2 Scalpers

Nintendo Has A Simple But Effective Plan To Stop Switch 2 Scalpers https://ift.tt/OlgrUZ9

Nintendo has a plan to combat the potential scalping of its Switch successor: one that boils down to making certain that there are enough units available to satisfy demand when it's eventually released. In a Q&A session during a shareholders meeting, Nintendo President Shuntaro Furukawa explained how the company will take on the reseller market.

"As a countermeasure against resale, we believe that the most important thing is to produce a sufficient number to meet customer demand, and this idea has not changed since last year," Furukawa said (translated via IGN). "In addition to this, we are considering whether there are any other measures that can be taken to the extent allowed by laws and regulations, taking into account the circumstances of each region."

At the start of the COVID-19 pandemic in 2020, Switch consoles became sought-after items. The global semiconductor shortage in 2021 saw supply shrink, but echoing previous statements regarding availability, Furukawa added that Nintendo is anticipating that it'll have enough stock to combat scalping.

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