$12B GameStop Bids $56B For eBay, Eyes Amazon
GameStop proposed a $56B takeover of eBay, offering $125 per share, with $20B debt financing from TD Bank. GameStop aims to cut $2B in annual costs post-merger. eBay's board is unlikely to approve, according to Baird's Colin Sebastian. GameStop owns 5% of eBay. GameStop's CEO Ryan Cohen plans to lead the combined company without a salary.




