GameStop Bids $56 Billion for eBay in Major Acquisition Attempt
GameStop has made an unsolicited $56 billion bid to acquire eBay, offering $125 per share with cash and stock. The offer includes a 20% premium over eBay's closing price on Friday and is backed by initial financing support from TD Bank for part of the debt needed. While eBay said it will review the proposal, its shares rose slightly while GameStop fell sharply.
Topics: Corporate Strategy Mergers & Acquisitions Retail Industry