GameStop confirms $56 billion eBay acquisition bid, promises $2 billion in cuts at the company if the takeover is successful

via pcgamer.com

Short excerpt below. Read at the original source.

GameStop has now confirmed its intent to acquire ecommerce behemoth eBay, first reported over the weekend, saying in a May 3 announcement that it’s making a half-cash, half-stock offer worth approximately $55.5 billion for 100% of the company. It also suggested that, should the deal go through, it intends to slash and burn eBay to […]

Read at Source