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GameStop making $56 billion offer to acquire eBay, WSJ says
GameStop Corp. is proposing to buy eBay Inc.
AI Summary
GameStop Corp. has offered to acquire eBay Inc. for roughly $56 billion in cash and stock, valuing eBay at $125 per share—about a 20% premium to its Friday close. The proposal comes from CEO Ryan Cohen, who has previously attempted to take over the e‑commerce company. GameStop already owns about a 5% stake in eBay and has secured a commitment from TD Bank to provide roughly $20 billion in debt financing for the transaction. In a letter to investors, Cohen’s company pledged to generate approximately $2 billion in annual savings within 12 months of a deal closing.
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