GameStop makes $56 billion offer to acquire eBay
GameStop has made an offer to acquire eBay for $56 billion, which comes as part of GameStop CEO Ryan Cohen's plan to transform the online marketplace into a "legit competitor to Amazon," he tells The Wall Street Journal. In an announcement on Monday, eBay says it will "carefully review" the unsolicited proposal, adding that it had "no discussions with or outreach from GameStop" before receiving the bid.
GameStop says it will fund the acquisition using $9.4 billion on the company's balance sheet and third-party financing, including up to $20 billion from TD Securities. As noted by the WSJ, the company doesn't say how it will fund the rest of …