GameStop makes surprise $55.5bn bid for eBay. The video game retailer offered $125 per share, a $20 premium over Friday's closing price, in an all-cash and stock deal. CEO Ryan Cohen pledged $2bn in cost savings within the first year, targeting eBay's underperforming sales and marketing division. Cohen said he would take the offer directly to shareholders if eBay's board rejects it. GameStop secured $20bn in debt financing from TD Securities to fund the acquisition. The deal would create a combined entity with eBay's massive online marketplace and GameStop's physical retail footprint. eBay shares surged over 13% on the news while GameStop climbed 4%. However, analysts question the strategic fit, noting the combined company would carry significant debt burden.
Post from MarketNews_en
Log in to interact with content.