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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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Black Ops 6 Won't Be Released In Kuwait, Preorders Canceled And Refunds Issued

Black Ops 6 Won't Be Released In Kuwait, Preorders Canceled And Refunds Issued https://ift.tt/NXZiGr7

Kuwait has denied the release of Call of Duty: Black Ops 6 in the country, and in response, Activision is cancelling all preorders. Refunds are available at the original point of purchase.

In a statement, Activision said the game "has not been approved for release" in Kuwait, and as such, it won't be available on October 25 in the region. "We remain hopeful that local authorities will reconsider, and allow players in Kuwait to enjoy this all-new experience in the Black Ops series," Activision said.

The exact reason why Kuwait did not approve Black Ops 6 for release is unknown. However, some speculate it has to do with the portrayal of the Middle East given that Black Ops 6's campaign focuses on the Gulf War. Saddam Hussein has been featured in advertisements for Black Ops 6, and many believe the campaign could feature the Iraqi invasion of Kuwait that kicked off the Gulf War.

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