"GameStop Corp. will offer $125 in cash and stock per eBay Inc. share in a takeover proposal valued at about $56 billion."
"Cohen told the paper that GameStop has built a roughly 5% stake in the e-commerce platform and secured a commitment letter from TD Bank to provide about $20 billion in debt financing for a deal."
"The company is expected to make its offer public later on Sunday, the WSJ said."
"The executive also told the paper that he is prepared for a proxy fight and take the offer to shareholders if necessary."
GameStop Corp. plans to acquire eBay Inc. for approximately $56 billion, offering $125 in cash and stock for each share. GameStop has acquired a 5% stake in eBay and has secured a commitment from TD Bank for $20 billion in debt financing to support the deal. The offer is expected to be made public soon. GameStop's CEO, Ryan Cohen, is ready for a proxy fight and is willing to present the offer to shareholders if necessary.
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