Overview
- People familiar with the terms told Bloomberg the $20 billion from TD Securities would be available only if the combined company earns a credit rating that is seen as unrealistic for its debt load.
- GameStop CEO Ryan Cohen has proposed an unsolicited $56 billion takeover of eBay to build a new challenger to Amazon.
- GameStop cites $9.4 billion in cash and says about $20 billion is pledged, leaving a large shortfall with no clear plan for the rest.
- Cohen has repeated that the offer would be paid “half cash, half stock,” yet his media appearances left the source of the missing funds unanswered.
- Early enthusiasm lifted both stocks, but skepticism has grown as betting markets now price the chance of a deal at about 15 percent.