GameStop makes $56 billion offer to acquire eBay

A photo of a GameStop storefront

GameStop has made an offer to acquire eBay for $56 billion, which comes as part of GameStop CEO Ryan Cohen's plan to transform the online marketplace into a "legit competitor to Amazon," he tells The Wall Street Journal. In an announcement on Monday, eBay says it will "carefully review" the unsolicited proposal, adding that it had "no discussions with or outreach from GameStop" before receiving the bid.

GameStop says it will fund the acquisition using $9.4 billion on the company's balance sheet and third-party financing, including up to $20 billion from TD Securities. As noted by the WSJ, the company doesn't say how it will fund the rest of …

Read the full story at The Verge.



from The Verge https://ift.tt/xFvIHYu

Comments

Post a Comment

Popular posts from this blog

Gemini app finally expands to audio files

Image
Google made three major updates to its Gemini-powered products on Monday: The Gemini app now accepts audio files; Search can handle five new languages; and NotebookLM creates reports in the form of blog posts, study guides, quizzes, and more.  According to a Monday post on X by Josh Woodward, vice president of Google Labs and Gemini, audio file compatibility was the “#1 request” to the Gemini app.  Free Gemini users max out at 10 minutes of audio, and five free prompts each day. AI Pro or AI Ultra users, meanwhile, can upload audio up to three hours in length. All Gemini prompts accommodate up to 10 files across various file formats, including within ZIP files.  Additionally, Google Search’s AI Mode has rolled out five new language options: Hindi, Indonesian, Japanese, Korean, and Brazilian Portuguese, thanks to the integration of Gemini 2.5 with Search, according to a company blog : “With this expansion, more people can now use AI Mode to ask complex questions in ...
Read more

Hilarious Indian PUBG video goes viral with over 10 million views under 24 hours

Image
The mobile version of Playerunknown's Battleground has become nothing sort of a sensation with over 20 million daily active users from all around the globe. It has been well received in India too, since the country was amongst the top three when it comes to the most number of players in Season 2 of the game. Now, the YouTuber, Ashish Chanchlani has published a new video that is based on his own experience while playing the game and most Indian PUBG Mobile players will find something that they can relate to in it. Titled “PUBG : Ek Game Katha,” the video will take you through an entertaining set of events. It has gone viral with over 10.5 million views under 24 hours. You can watch the video here but do note that Chanchlani is famous for throwing random cusses, so we suggest you watch it with a pair of headphones on. As of writing this article, the video is currently on the number 3 spot on YouTube’s trending list, in India. Right from the get-go, Chanchlani takes a jab at alm...
Read more

Top 5 games in Steams Spring Sale 2023

Image
Steam is back with its annual Spring Sale 2023. It is offering massive discounts on PC games up to 85% discount. The Spring Sale 2023 is live with so many games and it will end on March 23 at 11:30 pm IST.  Here is the list of the top 5 games with heavy discounts on Steam: Batman: Arkham collection at ₹202 Batman: Arkham collection is available on Steam at a price of ₹202 which includes three Batman: Arkham games; Batman: Arkham Asylum, Batman: Arkham City, Batman: Arkham Knight and a Batman: Arkham Knight Season Pass. Steam has offered an 85% discount on this collection.  In the game, Batman is fighting against crime in Gotham City. In the Batman: Arkham series, Batman fights with many famous villains like Joker, The Riddler, Hugo Strange, The Penguin, Bane, Deathstroke and many more. Red Dead Redemption 2 at ₹1,056 Red Dead Redemption 2 is available on Steam with a 60% discount which makes it available for ₹1,056. Red Dead Redemption 2 follows Arthur Morgan, ...
Read more