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GameStop Proposes $55.5 Billion Bid to Acquire eBay

BBC Business

GameStop has proposed a $55.5 billion takeover of eBay, valuing shares at $125. What does this mean for the future of e-commerce?

GameStop proposes $55.5 billion bid for eBay, valuing shares at $125.

CEO Ryan Cohen plans to save $2 billion post-acquisition.

Cohen will only earn based on the performance of the new company.

eBay shares jumped 13% following the announcement.

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