"GameStop's chief executive Ryan Cohen stated that he sees potential to make eBay a much bigger rival to Amazon, "worth hundreds of billions of dollars.""
"Cohen mentioned that the cash and stock takeover offer would value eBay at $125 a share, around 20% higher than its closing price on Friday."
"GameStop has built a stake of around 5% in eBay and has a commitment letter from TD Bank to provide around $20 billion in debt to help finance the deal."
GameStop has confirmed a $56 billion unsolicited takeover bid for eBay, with CEO Ryan Cohen expressing ambitions to significantly enhance eBay's market position against Amazon. The offer values eBay at $125 per share, approximately 20% above its recent closing price. GameStop has acquired a 5% stake in eBay and secured a commitment letter from TD Bank for $20 billion in debt financing to support the acquisition.
Read at www.bbc.com
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