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GameStop is moving forward with its plan to acquire eBay for approximately $56 billion, despite having been rejected previously
Svmuu News: GameStop said last Friday that it will continue to pursue its cash-and-stock bid of approximately $56 billion for eBay, even though eBay’s board had previously rejected the proposal. GameStop CEO Ryan Cohen proposed the acquisition in May, stating that the combined company would be better positioned to challenge Amazon and expressing his intention to lead the new entity. GameStop had indicated last Tuesday that it would release detailed strategic presentation materials and reiterated on Friday that additional materials related to the proposed transaction would be released shortly.
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