GameStop Offers $56 Billion for eBay, Prepares Proxy Fight
GameStop (GME) has formally proposed to acquire eBay (EBAY) for $56 billion, or $125 per share. CEO Ryan Cohen has secured $20 billion in financing from TD Bank and, holding a significant stake in eBay, is prepared to initiate a proxy fight if the offer is rejected. GameStop is expected to make the full details of its offer public soon.
Detected & updated continuously · Source: Ruma
GameStop (Ondo Tokenized Stock) (gmeon)Sources
@sierrastrades
$GME If eBay isn't receptive to the proposal, Cohen said he was prepared to run a proxy fight and take his offer directly to shareholders. GameStop is expected to make the details of its offer public later Sunday. Source: WSJ https://t.co/PrMSMAE0f0
@Sam_Badawi
$GME GameStop has made an offer to buy $EBAY at around $56B or $125 per share. GameStop is a $12B company. They have about $12.5B in cash. Alright.
@sierrastrades
$GME GAMESTOP OFFERING TO BUY EBAY FOR $125 PER SHARE https://t.co/SUtjRIALNj
@sierrastrades
$GME “EBay should be worth—and will be worth—a lot more money,” Cohen said in an interview. “I’m thinking about turning eBay into something worth hundreds of billions of dollars.” OPEN THE MARKETS NOW https://t.co/wAjPOgecH9
@unusual_whales
BREAKING: GameStop, $GME, is offering to buy eBay, $EBAY, for $125 a share, per WSJ
@sierrastrades
$GME GameStop CEO Ryan Cohen has already built a ~5% stake in eBay and is offering to buy the rest at ~$125 per share in cash and stock Cohen said he has a commitment letter from TD Bank to provide around $20 billion in debt financing to help make a deal possible Source: WSJ https://t.co/60RXQsI7IV
@sierrastrades
$GME LAUREN THOMAS CONFIRMS THAT GAMESTOP IS OFFERING TO BUY EBAY FOR $56 BILLION. 🌊🌊🌊 https://t.co/rrIaOuPvO1