GameStop has made an unsolicited $55.5 billion offer to acquire eBay at $125 per share, split 50/50 between cash and GameStop stock. The deal would be financed with $20 billion in debt from TD Securities. CEO Ryan Cohen, who would lead the combined company, claims he can cut $2 billion in annualized costs within 12 months and leverage GameStop's ~1,600 US retail locations for eBay's authentication, fulfillment, and live commerce operations. eBay has confirmed receipt of the proposal and said it will review it.
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