GameStop news and archive

eBay board rejects unsolicited acquisition proposal from GameStop

The board of directors of US e-commerce leader eBay has formally rejected a non-binding acquisition proposal from US retailer GameStop. Following a comprehensive review conducted with financial and legal advisors, the board determined that the offer did not align with the long-term interests of the company or its shareholders. In a formal...

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GameStop acquires Geekenet’s owner for 140 million

GameStop has announced it will acquire Geeknet, owner of the apparel site Thinkgeek, for 140 million dollars, rejecting thus an earlier acquisition deal from pop culture retailer Hot Topic. GameStop Corp. (NYSE: GME), a family of specialty retail brands, and Geeknet, Inc. (Nasdaq: GKNT), the parent company of ThinkGeek and ThinkGeek Solutions,...