GameStop made an unsolicited, non-binding offer on Sunday to acquire eBay for $125 per share in a cash-and-stock deal that values the online marketplace at roughly $55.5 billion. [1]
GameStop Chief Executive Ryan Cohen said on Monday morning that he has not opened talks with eBay management about the proposal. “I haven't started any conversation with eBay's management,” Cohen told CNBC. [1]
The offer sent eBay shares up nearly 9% in premarket trading after the announcement. [1]
The bid adds a new twist to eBay’s outlook as investors weigh whether the company will engage with GameStop or reject the approach. The proposal is non-binding, so either side can walk away at this stage. [1]
No talks have been disclosed, and Cohen’s comments suggested the companies were still at the earliest stage of any possible deal discussion. [1]
