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GameStop makes $56B unsolicited bid to buy eBay, aiming for Amazon-scale rival

1 min read
Source: BBC
GameStop makes $56B unsolicited bid to buy eBay, aiming for Amazon-scale rival
Photo: BBC
TL;DR Summary

GameStop has made a $56 billion unsolicited bid to acquire eBay, valuing the online marketplace at about $125 per share and backed by roughly $20 billion in debt financing from TD Bank. CEO Ryan Cohen says the deal could transform eBay into a major rival to Amazon, with GameStop already holding about a 5% stake; eBay stock rose in after-hours trading as more details are expected today.

Topics:business#acquisition#business#ebay#gamestop#stock-market#takeover
Share this article
  1. GameStop offers to buy eBay for $56bn  BBC
  2. GameStop Is Offering to Buy eBay for $56 Billion, CEO Ryan Cohen Says  WSJ
  3. GameStop makes unsolicited $56bn offer for eBay  Financial Times
  4. GameStop Gears Up For EBay Takeover Offer: WSJ  Investor's Business Daily
  5. GameStop Making $56 Billion Offer to Acquire eBay, WSJ Says  Bloomberg.com

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