GameStop CEO Ryan Cohen Proposes $55.5 Billion Bid for eBay
GameStop (GME) has submitted a non-binding, unsolicited offer to acquire eBay (EBAY) in a cash-and-stock deal valued at $55.5 billion. The proposal includes a 20% premium over eBay's recent closing price and is structured as an even split of GameStop stock and cash. Financing for the bid will rely on existing cash reserves, debt financing from TD Securities, and shareholder approval.
Topics: acquisition corporate strategy eBay GameStop Ryan Cohen