GameStop CEO baffles CNBC anchors in bizarre interview
… The GameStop CEO may yet pull off the acquisition, but for now the market has reacted to his announcement with a 10% dip in GameStop's share price. …
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GameStop
GameStop is a retail company that sells video game hardware and software, operating stores and an online marketplace.
GameStop reportedly wants to buy eBay, a company with four times its market value
… While it might be a tough time to be in the videogame retail business , CEO Ryan Cohen has big plans for GameStop that, according to a report from the Wall Street Journal , end with it as a "$100-billion plus juggernaut." The report states that the next step in Cohen's designs is to make an offer f… …
GameStop confirms $56 billion eBay acquisition bid, promises $2 billion in cuts at the company if the takeover is successful
… That leaves a shortfall of, very roughly, $15 billion in GameStop's offer. GameStop could raise more funds by issuing more stock, but doing so would dilute the value of stock held by current shareholders. …
GameStop-eBay saga gets weirder: CEO says he was suspended from eBay for selling stuff on eBay 'to pay for eBay'
… GameStop announced its intent to acquire the much larger eBay on May 3, making a half-cash, half-stock offer for the company worth roughly $56 billion. Just one problem: GameStop, as far as anyone can tell, doesn't actually have $56 billion, even with $20 in proposed financing from TD. …
eBay shoots down 'neither credible nor attractive' $56 billion GameStop bid
… GameStop would also have issued a billion new shares that would give eBay's current shareholders a 70% stake in the proposed GameStop-eBay combo entity. …