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GameStop may drop its $56 billion eBay bid and offer up its 1,600 stores in a partnership
['Rob Thubron', "Gamestop'S Share Price Over The Previous Months", "Ebay'S Share Price Over The Previous Months"]
TechSpot
In a nutshell: The long-running saga that is GameStop's attempted $56 billion acquisition of eBay might be coming to an end.
GameStop CEO Ryan Cohen is reportedly considering withdrawing the audacious bid and proposing a partnership or joint venture instead.
Bloomberg reports that Cohen is weighing a deal that would allow eBay to make use of GameStop's roughly 1,600 US retail locations.
Cohen formally submitted the unsolicited offer soon afterward, proposing to pay $125 per eBay share in an equal mix of cash and GameStop stock.
GameStop shares rose in early trading following the report, while eBay fell.