Sweden Herald
GameStop makes $55.5 billion bid
Photo: Matt Slocum/AP/TT
Business

GameStop makes $55.5 billion bid for eBay

The game store chain GameStop has made a $55.5 billion bid, equivalent to 510 billion kronor, to take over eBay.

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The bid for e-commerce giant eBay implies a valuation of $125 per share.

GameStop's plan for the company is said to plan to cut costs by $2 billion in the first year after the purchase is completed, reports the BBC.

eBay has not commented on the bid.

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BBCEbay
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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