Acquisition
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eBay has formally turned down GameStop CEO Ryan Cohen’s massive bid to acquire the company, dismissing the proposal after a review by its board and outside advisors. The rejected offer, valued at roughly $56 billion, would have combined the online marketplace giant with the video game retailer in one of the most surprising proposed deals…
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Electronic Arts (EA) has made an official announcement confirming the acquisition by a diversified investor group that includes the Saudi Public Investment Fund (PIF), Silver Lake, and Affinity Partners. The total value of this monumental deal is approximately $55 billion, designating it as the most substantial all-cash sponsor buyout in history. Under the stipulations of…
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Nintendo has announced its acquisition of Miami-based Shiver Entertainment, the game studio responsible for the Switch versions of Hogwarts Legacy and Mortal Kombat 1. The acquisition will make Shiver a fully-owned subsidiary of Nintendo, with a focus on continuing to port and develop games across multiple platforms, including the Nintendo Switch. Despite not disclosing the…