GAMES(yesterday)
GameStop Buys Big eBay Stake In Bizarre Hostile Takeover Plan
Video game retailer GameStop has just made a massive, confusing power play. According to a report from Kotaku, the company now owns almost 10% of online marketplace eBay.
The move is reportedly part of a hostile takeover plan that has left many observers baffled. The summary notes that GameStop CEO Ryan Cohen appears determined to become the CEO of a different company entirely.
What this means for gamers, Funko Pops, or the future of either company is anyone's guess. For now, it's just a very weird corporate chess move.
Sources:Kotaku ↗
More like this
