GameStop CEO Considers Pulling $56 Billion eBay Bid and Exploring Partnership
GameStop Corp., led by CEO Ryan Cohen, is considering withdrawing its $56 billion bid for eBay, according to people familiar with the matter. Cohen may instead propose a partnership or joint venture that lets eBay use GameStop’s roughly 1,600 U.S. retail locations to expand market share in high-margin categories such as trading cards and collectibles.
Coverage (5)
- GameStop weighs eBay partnership as takeover bid falters (finance.yahoo.com)
- GameStop's Ryan Cohen weighs pulling $56 billion eBay bid (finance.yahoo.com)
- GameStop weighing withdrawal of eBay bid, Bloomberg News reports (wtvbam.com)
- GameStop weighing withdrawal of eBay bid, Bloomberg News reports (reuters.com)
- GameStop’s Ryan Cohen Weighs Pulling $56 Billion EBay Offer (bloomberg.com)