GameStop Makes $56 Billion Offer to Acquire eBay Without Clarifying Funding Source
GameStop has made a $56 billion offer to acquire eBay, but the company has not explained how it will finance the deal. CEO Ryan Cohen mentioned the goal of creating a competitor to Amazon worth hundreds of billions of dollars. GameStop has secured $20 billion in debt financing from TD Bank, but the remaining funds are unclear, with speculation pointing to Middle Eastern sovereign-wealth funds.
Topics: acquisition debt financing eBay financial strategy GameStop