POPA ReconGameStop Seeks to Acquire eBay in $56B Takeover Deal
GameStop Seeks to Acquire eBay in $56B Takeover Deal GameStop has made a $56B bid to acquire eBay, offering $125 per share in cash and stock, a roughly 20% premium to market price. Despite GameStop being significantly smaller than eBay, Ryan Cohen says the goal is to turn the platform into a real competitor to Amazon. Key points: - GameStop has built an approximately 5% economic stake in eBay - Up to $20B in debt financing has been secured - Cohen indicated he may take the proposal directly to shareholders if the board rejects it - He intends to become CEO of the combined company The stra…
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