GameStop Now Owns Nearly 10% Of eBay In Hostile Takeover Plan That No One Can Make Sense Of
Kotaku · 4 min read · business
GameStop CEO Ryan Cohen has acquired a 9.8% stake in eBay worth roughly $5 billion, escalating his hostile takeover campaign. Cohen plans to cut costs and lay off staff to boost profitability, positioning the combined entity as an Amazon competitor in the reseller market. eBay's board has previously rejected the deal as "neither credible nor attractive."
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