Anonymous1 day ago
GameStop CEO Ryan Cohen has submitted an unsolicited $56 billion offer to acquire eBay at $125 per share in a 50/50 cash-and-stock deal, backed by $9 billion in GameStop cash reserves and a $20 billion debt commitment from TD Bank. The bid — from a company with a $12 billion market cap targeting one nearly four times its size — has split analysts between those who see strategic logic in combining two marketplace businesses and those who question the financing structure, Cohen's operational track record, and whether the offer is primarily a vehicle for hitting the $100 billion market cap threshold tied to his compensation package.