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48 GameStop Offers to Buy eBay for $56 Billion

Slashdot
BeauHD @ Slashdot 2 place · today 13:00 EDT

GameStop Offers to Buy eBay for $56 Billion

GameStop has made an unsolicited $56 billion cash-and-stock offer to buy eBay (paywalled; alternative source), with CEO Ryan Cohen arguing he can turn the marketplace into a far larger Amazon competitor. "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." The Wall Street Journal reports: Cohen said GameStop has a commitment letter from TD Bank to provide up to $20 billion in debt.

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