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GameStop CEO Prepares Takeover Bid For eBay
GameStop CEO Prepares Takeover Bid For eBay
Update: GameStop - the meme stonk that also happens to sell video games, is making an unsolicited offer to buy Ebay for around $56 billion, and already has a commitment letter from TD Bank to provide $20 billion in debt financing to help make it happen, the Wall Street Journal reports.
Late last month, eBay reported strong first-quarter results. Anna Webber/Getty Images for Teen Vogue
According to Cohen, GameStop has built up a 5% stake in Ebay and is offering $125/share in cash and stock - which makes for a roughly 20% premium...
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