The GameStop Stock Exchange has officially submitted a takeover bid to eBay

BlockBeats News, May 4th - According to The Wall Street Journal, US stock company GameStop has voluntarily proposed to acquire the American online trading platform eBay for approximately $56 billion. GameStop's CEO, Cohen, stated that the company currently holds about 5% of eBay's shares and has proposed to acquire it through a cash and stock offer of $125 per share. The offer represents a premium of about 20% over eBay's closing price last Friday.

The report also mentioned that if eBay does not accept this proposal, Cohen has stated that he is prepared to launch a proxy fight and will directly submit the proposal to the shareholders.