GameStop Offers $55.5 Billion to Acquire eBay, Valuing It at Nearly 4x Its Market Cap
GameStop has made a $55.5 billion acquisition offer for eBay, valuing the e-commerce company at $125 per share, a 27% premium on its 30-day VWAP. The deal would be structured as 50% cash and 50% stock, with GameStop having $9.4 billion in cash and a financing commitment from TD Securities. The offer is seen as highly speculative, given GameStop's smaller market cap and eBay's diversified business model.
Topics: Corporate Strategy Financing Mergers and Acquisitions Stock Market Reaction